BUYERS who are paying $4.15 million for an unrenovated Dural acreage will still need to splash out an extra million dollars to fix up their dream home.
The seven-bedroom house on 2.03ha of land at 21 Wyoming Rd sold just one week after selling agents Will Hampson and Kate Lumby, from Lumby Hampson, shopped it around quietly with $4 million hopes.
The buyers are a family from Wollongong who were looking specifically to move to Dural.
The space and privacy of the home was attractive to them, as well as their friends living in the area.
The parents, who are in the medical field, plan to transform their new home completely — including resurfacing the tennis court, repaving the driveway, upgrading the six bathrooms and kitchen, putting in new carpet and tiles and repainting the house.
“(The house) needs quite an extensive renovation, it hasn’t been renovated since it was built in 1999,” Mr Hampson said.
Mr Hampson said that because the buyers could not find anything in the suburb that ticked all their boxes they had decided to buy this one and renovate it to be exactly the way they want it.
The vendors are relocating to Queensland and decided to list the property off-market for a quick sale so they could move on sooner.
Mr Hampson, who negotiated an extra $150,000 on top of the first offer, said the top end of the Dural market is tightly held.
“(Dural) still represents excellent value,” he said.
“(You can buy) a five-acre estate with a palatial home here, (yet) they’re paying similar money for homes on residential blocks in other suburbs in Sydney.”
Designed by architect Russell Scott, the house comes with an indoor swimming pool and spa, a tennis court, a home theatre, and multiple outdoor entertainment areas.
It last traded for $2.6 million in 2011, CoreLogic records show.