Loss taken on Menai dream home building block resale

Loss taken on Menai dream home building block resale
Staff reporterJuly 1, 2018

A vacant block of land at Menai in the Sutherland Shire has sold for $955,000, going backwards on its sale last year.

The 818 sqm building block in Anderson Ridge, one of the Shire's new estates, fetched $980,000 in 2017.

Joshua Singer from Purplebricks sold the property this time round after seeking $1.05 million. It took 111 days to sell, with the price revision to $1.02 million prompting a sale.

The block at 39 Anderson Place has a rear-to-north aspect and sits nearby Menai's entertainment hub and Alford’s Point.

The southern Sydney block lies near the Georges River National Park.

The precinct is surrounded by bushland and waterfront reserve. The land sold for $640,000 in 2015 when bought from the developer. 

Editor's Picks

Iridian Residences to bring rare new apartments to Hampton East as completion approaches
First home buyers to pay no stamp duty on new property in QLD Gov shakeup
Southport's only new parkside apartment development: The prime location of Brighton on the Park
Aniko Group completes sold-out 35 Grant Avenue in Hope Island
The unrepeatable nature of Ora Sorrento apartments