Business Daily Media

Pearl Beach Home purchased for £78 sells for $2.5million

  • Written by Business Daily Media


Never before have Central Coast properties been so in demand. We have seen prices soar with many bidders far exceeding asking prices just to secure their dream homes here on the Coast. With plenty of homeowners making a substantial profit from the sales of their properties as a result, one owner, in particular, is certainly celebrating their recent sale. 

2 Emerald Avenue, Pearl Beach was purchased back in 1928 by Evelyn Smith when the brand-new estate first opened as the Staples Estate. Evelyn paid just £78 GBP for the perfectly positioned coastal plot of land and little would she realise at the time, just how fruitful her purchase would be for her future family members. 

The block was passed down to Evelyn’s daughter, Irene Edwardes in the early 1960s. In 1965, a three-bedroom cottage was built on the rustic block by a friend of Irene’s husband, a local builder from Terrigal, called Noel Murrel. 

Irene and her husband moved into the property in 1966 with their daughter Kim and added a fourth bedroom to the property in the ’70s.

The home was subsequently passed down to Kim and her family who, up until a few years ago lived happily in the coastal paradise. 

Third-generation owner, Kim Jones and her partner could not believe their luck when Alana of Residential HQ sold their property for a whopping $2,508,000 at the beginning of November. 

“We will be sad to say goodbye to such a piece of family history, but the time was right for us to move up to Queensland and pass this little piece of paradise on. Never in my life could I have imagined having this much money, we can’t believe how much it sold for.”  Kim said. 

The selling agent, Alana Gargaro of independent boutique agency, Residential HQ Central Coast says that the sale price is an indication of how in-demand Pearl Beach properties are. Pearl Beach property has seen a significant increase in sale prices this year. 

“Whilst the whole of the Central Coast has certainly seen an influx of demand from buyers across Victoria and New South Wales, Pearl Beach remains one of the most sought-after areas on the Coast for its natural beauty and charm.” Alana says. 

“There were several interested parties, but it was finally sold to a young Sydney couple who bought it as a holiday home.” 

“It is rare to find such a wonderful property that has been in the same family for almost 100 years and passed from generation to generation. The price it was originally purchased for and then ultimately sold for is just incredible. I am so honoured and pleased that we could get such a fantastic result for both the seller and the buyer.” Alana concludes.

Property

Oman set to create the largest Oasis Park in the Middle East

The journey of a thousand miles begins with a single step. Through the years, Oman has made giant strides as a nation. The Sultanate’s march towards development is punctuated by miles...

Business Daily Media - avatar Business Daily Media

Combined capitals preliminary clearance rate below 60% for sixth consecutive week

After trending lower for three consecutive weeks, auction activity rose slightly this week, with 1,667 homes taken to auction across the combined capital cities. While up 2.4% compared w...

Kaytlin Ezzy, Economist, CoreLogic - avatar Kaytlin Ezzy, Economist, CoreLogic

Legal Fees for Selling a House

When you’re looking to sell a house, there are a number of different things you need to take into account before you can do that. One of the main things to consider is the Legal Fees f...

NewsServices.com - avatar NewsServices.com

How To Choose The Best Building Inspection Company?

You've found the house of your dreams at long last. The pricing is fair, and the funds are in good standing. Is the property, on the other hand, a good investment? To avoid disaster, you...

NewsServices.com - avatar NewsServices.com

Business Reports

AirRobe and THE ICONIC Celebrate A Sustainable Milestone

AirRobe and THE ICONIC have unveiled a market-first feature that allows customers to add past orders made on THE ICONIC to their AirRobe Circular Wardrobe™ in one click.  The new ‘add past orders’ feature builds on THE I...

YouGov appoint Laura Robbie as CEO of the Asia Pacific region

A world of new opportunities  Market research and data analytics company YouGov is pleased to announce the appointment of Laura Robbie as CEO of the Asia Pacific region.  Miss Robbie previously held the role of Managing Di...

How to Sharpen Your App Development Skills

Mobile application development is a skill that you should take seriously. It's not the easiest task in the world, and it takes more than just technical know-how to be successful. If you want your app to succeed, you have to shar...

The four markers that define Australia’s best-in-class workplaces

What is it that has aided one-third of employers not to experience difficulties with recruitment in the current market, writes Servicely’s founder and CEO Dion Williams. We’re used to living with impatience. The scant few...

3 Tips For Balancing Business And Family

Running a business while also simultaneously being the head of the family can be a stressful challenge to deal with, but so many people out there do it. If you are living this kind of lifestyle and feel like you have too much go...

RBNZ Survey: majority of experts believe inflation has hit its peak

While inflation has likely hit its peak, homeowners should brace for further hikes to their mortgage repayments, according to a new Finder poll.  In this month’s Finder RBNZ Official Cash Rate Survey, 15 experts and econom...

Web Busters - Break into local search

WebBusters.com.au