Garden Suburb had its first sale over $1 million last year.
Its second came last month and a near-new home in Prospect Road on a large block which has been listed for sale for the first time is expected to set a new suburb high.
Cveta Kolarovski, of Robinson Property, sold a four-bedroom home in Ewing Street for $1.025 million last May.
She sold a five-bedroom home in Via Rossi Close on February 2 for $1.1 million.
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There was no doubt in her mind that 47A Prospect Road would eclipse those.
Ms Kolarovski has seen increased interest in the suburb and expects this residence will set a new benchmark for Garden Suburb.
“It’s a magnificent home and it’s a large block of land,” Ms Kolarovski said.
“I think it’s another record, it has to be. Via Rossi sold for $1.1 million. This is a newer home with a bigger block of land and, the way it has been designed, it’s beautiful.
“I’ve had a strong amount of enquiry, especially from Sydney.
“A lot of professionals have discovered Garden Suburb and are moving into this area.”
The suburb experienced strong growth in 2017.
According to Australian Property Monitors, the median sale price rose from $582,000 for 26 sales in 2016 to $750,000 for 23 sales last year for growth of 28.9 per cent.
Graeme Knight was living in Merewether when he bought a vacant block of land in Garden Suburb, nearly 1500 square metres in size.
He had a sizeable Montgomery Homes residence built there six years ago.
“I wanted a bit more room around the house to store extra motor vehicles, so hence there is garaging for four cars,” he said.
“We didn’t want to be too far from the coast and within 10 minutes’ drive we could be at Merewether.
“It was a case of we had a bushy outlook and you’re sitting amongst the trees then 15 minutes later you’re on Merewether beach.
“You’re pretty much halfway between the lake and beach, and the other thing that was a real bonus was that you’re right on the Charlestown Bypass. You don’t have to listen to it, but you’ve got all points of the compass covered and they are all very accessible.”
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The four-bedroom residence is bordered by reserve on one side and has a bush outlook.
The home itself is generous in its proportions.
It has a split-level layout and offers a choice of three separate living spaces with alfresco retreats.
The lower level features three bedrooms, a bathroom, laundry and lounge room which opens to a covered deck.
Upstairs is the large master suite with walk-in robe and ensuite.
Open plan living and kitchen extends to a choice of alfresco dining options, and there is a separate media room.
The Caesarstone island kitchen features Miele appliances and there are spotted gum floorboards throughout.
There is a double automatic garage with internal access as well as an additional freestanding double garage.
An open house inspection is scheduled for midday on March 3.
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