High Demand for Kingsford & Kensington Apartments

In recent weeks we have seen some outstanding results achieved for apartments in the local area. Naturally a lack of quality property in the winter months encourages eager buyers to push their limits to secure their desired property, however there are a number of factors influencing these high prices.

A spacious and well-presented two bedroom apartment at 3/24-26 Duke Street in Kensington was sold for $700,000, $50k over the reserve at N G Farah’s in room auctions last Tuesday evening. Over 10 registered bidders competed for this conveniently located apartment that is moments away from UNSW, Centennial & Moore Park, Randwick Racecourse and all other amenities.

On the very same evening, an original 2 bedroom apartment at 8/101 Houston Road, Kingsford sold for $671,000 under the hammer. Touted as an excellent investment, this property also attracted much attention with its central location a major benefit according to interested parties.

These apartments are attractive to buyers because of their high rental occupancy accompanied by a strong rental return. In addition, future development of the area including the light rail from Central to Anzac Parade promises to add value in the years to come.

This week a superbly presented two bedroom strata title apartment has just come on the market at 1/95 Doncaster Avenue in Kensington. Entertaining offers above $580,000, this spacious property is located on the ground floor of a well maintained security block. For more information, please contact Martin Farah 0418 402 015.