Luxury Red Hill home snapped up after huge buyer interest

A house designed by DNA Architects, one of Canberra’s most respected architecture firms, is always going to attract attention. And once the doors of this custom-built home in Red Hill were opened to the public, it was guaranteed to draw a crowd.

With incredible street appeal, the five-bedroom, four-bathroom residence packs a powerful punch across two levels on a generous 967-square-metre block.

Clean lines, a striking colour palette, high-quality materials, such as natural stone and timber, plus a resort-style backyard pool all combine to present a home worthy of its $4.4 million price tag.

Allhomes spoke with agent Alexander Smout of Belle Property Canberra to talk about how the newly built home at 45 Pelsart Street sold in the current market.  

How long was the property on the market?

The property was on the market for only eight days and sold on October 27 prior to auction.

Why did the seller decide to part with their home? 

They own a building company, so it was always their intention to sell the home. It was just picking the right time in the market to get a good result.

What made this property special?

This is a luxury, architecturally designed home with an ultra-family-friendly floor plan in a prestigious suburb. It’s close to blue-ribbon schooling, the CBD and the Red Hill Nature Reserve.

 What made this a successful sale?

We had 100 groups through the property in only three open homes over the course of one weekend. We had huge amounts of interest from buyers and people wanting to draw inspiration from the home.

Was this a positive result in the current market?

I believe so. We had a look at the overall market and particular properties within that price point. Many of them have been sitting on the market and have been relatively stubborn. So, to have a result at expectation within eight days was really pleasing for our seller. 

 What should buyers and sellers keep in mind as we head towards the end of the year?

High-quality properties are still moving well – if they are priced correctly. We are probably coming up to the last run of properties to hit the market this year within the next two weeks of November. So, now is the time to pounce.

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