Real estate The Ponds: a record price in the height of the downturn

Friday 01 Nov 2019

It’s nice to look back on the good work one has done in the past. We take feedback seriously - both negative and positive! We set a record price on a real estate The Ponds with a five-bedroom home - $1.35 mil - in the height of the downturn in house prices. Now that times are a bit different, it is extra sweet to look back at the result. We were featured in Real Estate Australia news because of the result.

88 Amarco Circuit: real estate the ponds

The house at 88 Amarco Circuit attracted strong interest due to its uncommon land size of 760 sqm - around 200 sqm more than the usual allotment in the expert planned suburb. Also, it came with an in-ground pool and in-law accommodation.

Ruma was confident of the result in the end because of its location backing onto Schofields Rd. The house really is directly opposite Tallawong Train station which does do something to its charm with buyers. The house had both a pool and in-law accommodation.

88 Amarco Circuit the inground pool: real estate the ponds

It really is best for someone seeking access to roads, but it was a noisy location, which meant an extra challenge for us. It really was a lovely home, and having that additional in-law accommodation was outstanding. The granny accommodation was appropriately done with a kitchenette. Young families in this suburb generally have older relatives.

At 760 sqm, the house was bigger than average for The Ponds. According to CoreLogic RP Data, the house, which really was a 10-minute walk to the train station, was last bought in 2013 for $421,000.

88 Amarco Circuit best for entertaining: real estate the ponds

Pools aren’t common in the suburb because of land size issues and was an excellent inclusion for a single level home. It did help the house achieve price high. The kitchen had space for a dual fridge. Other features included a high-end kitchen fitted with stainless-steel kitchen appliances including a 900mm range and gas stovetop. In addition, it had a walk-in pantry, natural stone benchtops and a glass splashback. The kingsize master suite had a walk-in robe, large ensuite with dual vanities and a nook overlooking the back garden.

88 Amarco Circuit the kitchen: real estate the ponds

Statistics show the median house price in real estate the ponds fell almost by five per cent in the year, finishing in April to $1.005m when we sold the house. The prior record for a single level home in the Ponds was $1.31 million for 44 Petal Parkway in July 2017.