Buyers everywhere

What would you say if I told you we had listed a property that buyers couldn’t even step into and that we were taking it to Auction? You most likely would have thought we were crazy. Well this is a crazy market and that’s exactly what happened at 45 Bellevue Terrace, Fremantle.

We were appointed by the Public Trustee to Auction the currently uninhabitable two bedroom, weatherboard terrace property at 45 Bellevue Terrace, Fremantle without the buyers (or ourselves) ever being able to step onto the property and without seeing the inside of the property.

Naturally it was interesting to witness the enormous activity that this listing generated. Fremantle Specialist Connie Handcock together with our Auctioneer Richard Kerr took the property to Auction last Saturday.

We had our largest ever number of registered bidders with 22 buyers registering to bid at the Auction. The bidding opened at $150,000 and went up from there. Six parties participated, the property was called “on the market” at $460,000 and SOLD under the hammer a short time later for a remarkable $508,000!

The demand for properties in Fremantle and its surrounding suburbs is exceptionally high, even for properties requiring substantial renovations. Buyers are not just enticed by the prospect of restoration but also by the prime locations on offer.

As we all know, location counts for a significant portion of a property’s capital growth, which is why we are unsurprised to have so many eager buyers competing for the opportunity presented at 45 Bellevue Terrace in Fremantle.

The strength of activity in the market is being reflected in REIWA reporting that the average days on the market had shortened to just 8 days on market in October. However, not all properties are selling at record speed. Properties with narrow target markets or more niche offerings may take longer to sell.

As we witnessed on the weekend, and indeed every weekend recently, there are active buyers everywhere, qualified and ready-to-act.

If you have had thoughts of selling or would simply like a market update, please don’t hesitate to get in touch. This spring/summer may be the ideal time for you to get an incredible result!

THE LOCAL MARKET

REIWA is reporting there were 5,031 properties listed for sale in Perth in the week to 30th October, a small 0.4% increase to figures seen last week and still 38.9 percent lower than 12 months ago. This comprises just 2,464 houses, 1,432 units and 1,135 blocks of land. We saw a 1.8% increase in sales last week at 998, which is 21.4% higher than witnessed at the end of September.

Over the past seven days, the White House Team have put three properties under offer, in Fremantle, Bicton and North Coogee.

As discussed above 45 Bellevue Terrace Fremantle SOLD under the hammer lat Saturday in front of a large crowd.

After just 3 days on market, 2/72 Beach Street in Bicton went under offer to a lovely local buyer. With 31 home open attendees, the buyer is thrilled to have secured this charming riverside villa in a prime location!

Another lovely buyer is thrilled to have secured 51 Newark Turn, North Coogee this week. The stunning Port Coogee coastal haven will be a beautiful place to call home!

If you are thinking of selling, there is still plenty of time to catch the wave of activity leading up to Christmas. Please call us today to see how we can help you move forward.

FRESH TO MARKET

We are delighted to have launched six new listings to the market this week in Cottesloe, East Fremantle, Fremantle, North Coogee, North Fremantle and White Gum Valley and have a new White House Confidential listing in White Gum Valley available as well.

Step into your dream coastal lifestyle with the exceptional opportunity on offer at 261 Marmion Street Cottesloe nestled just moments away from the beach, vibrant cafés, shops, convenient train access and renowned private schools. This 911sqm block zoned R20 with rear laneway access and a charming white weatherboard cottage offer an unparalleled opportunity to savour quintessential coastal living with endless opportunities to build on or redevelop (STCA). Anticipating buyer interest in the high $3,000,000s to mid $4,000,000s. Open to view for the first time this Saturday, 4th November 10-10:30am

Welcome to 45 Glyde Street, a beautifully presented two-bedroom, one-bathroom character home that offers a unique blend of timeless charm and modern comfort. Nestled on one of East Fremantle’s most sought-after precincts, this delightful residence is your gateway to a relaxed and vibrant lifestyle. The heritage architecture features polished jarrah floorboards and high ceilings consistent with the era. Anticipating buyer interest starting in the mid $900,000s, possibly more. Open to view for the first time this Saturday, 4th November 1-1:30pm

Presenting a rare opportunity, this exquisite two-story family residence at 3/85 Wray Avenue is crafted with precision and adorned with opulent details. Designed by the internationally acclaimed Grounds Kent Architects, this bespoke survey-strata luxury abode is nestled in the heart of Fremantle, offering a seamless fusion of heritage charm and contemporary living. Anticipating buyer interest in the in the high $1,000,000s. Open to view for the first time this Saturday, 4th November from 10-10:30am

Discover an exquisite coastal haven within the coveted Summer Apartments in South Fremantle. 24/40 South Beach Promenade is sleek and sophisticated apartment not only grants you effortless beachside living but also situates you just a leisurely stroll from the thriving South Fremantle café scene. Anticipating buyer interest in the $400,000s. Open to view for the first time this Saturday, 4th November 10:30-11am

This beautiful pocket of North Fremantle by the river is a privileged place to live, with clifftop walks along Rocky Bay just steps away from your front door. It is rare to find one like 13 Higham Road: in near original condition, full of atmosphere, and offering endless opportunity. Here is a chance to treasure the home’s history while imagining all the possibilities for transformation, with the added flexibility of limestone studio accommodation already in place in the backyard. Anticipating buyer interest in the mid $1,000,000s, possibly higher. Open to view for the first time this Saturday, 4th November 11-11:30am

WHITE HOUSE CONFIDENTIAL

This large four bedroom, two bathroom family home offers immediate comfort for living. Additionally, it presents options for renovation or rebuild (STCA). The property is zoned R20/25 providing the potential to subdivide and create rear block (minimum block size 300m2) with rear laneway access on 812sqm. Please contact Louise Pope on 0410 803 722 for more information.

DEPARTMENT OF PROPERTY MANAGEMENT

REIWA is reporting 1,719 properties were for lease in the week ending 30th October. This is a 0.6% increase compared to the week prior. This figure is also only 0.6% higher than listing levels seen 12 months ago, representing the sustained low supply of properties available to lease, making the demand for rental properties high. The current circumstances make it an excellent time to consider leasing out your property or get an updated appraisal of a property under management. Please don’t hesitate to contact Monique Malarowski on 0418 228 524 monique@whitehouseproperty.com.au or Veda Spence on 0499 171 457 veda@whitehouseproperty.com.au if we can assist you in any way.

Nestled in the charming suburb of Beaconsfield, the impressive grand two-storey property at 19 Delamere Lane, stands as a testament to spacious living. Boasting four bedrooms, three bathrooms, and a multitude of luxurious amenities, this residence is a perfect embodiment of comfort, convenience, and style. This property is situated in a peaceful and picturesque neighbourhood in Beaconsfield, offering a serene escape from the hustle and bustle of city life. The home’s elevated position allows the home to have ocean views. A double-car garage offers ample space and is situated next to a welcoming entryway create a lasting first impression. The property is to be leased furnished (as seen in advertising photos) and is available for lease now for a 12 month lease preferred. The property is to be leased for $1400 per week.

This distinguished home at 5 Gallop Street, crafted from Limestone and red brick, stands proudly on the corner of Gallop and Victor Street in Hilton, a leafy suburb bursting with character. With its stone façade, iron roof, and wrap-around veranda’s – it’s an opportunity for you to embrace tradition and create your family’s haven in this classic Australian home. This property offers three bedrooms and a modern bathroom of the laundry. The expansive veranda’s provide a perfect space for relaxation, and the family kitchen/dining area is ideal for daily meals. High ceilings, Jarrah flooring, and a welcoming decor fireplace add to the period charm. A storage facility is also available for tenants use. This 3 bedroom, 1 bathroom property is available from the 13th November 2023 for a 10 month lease preferred. The property is priced at $720 per week.

Discover the charming one-bedroom apartment at 58/37 Orsino Boulevard, situated within the prestigious Port Coogee Estate. Embrace a low-maintenance lifestyle in this exclusive community, just a short walk from the pristine sandy beaches, scenic boardwalk, coastal trails, walking distance to Coogee Boathouse Eats & Sips, Dome Cafe and close proximity to shops and public transport facilities. Revel in captivating views of the turquoise ocean, visible from the balcony, while the interior radiates a contemporary feel and open-plan layout. This 1 bedroom, 1 bathroom property is to be leased furnished for a 12 month lease preferred. This property is available for lease from 10th November 2023 for $600 per week.

THIS WEEKEND

Today marks the start of the Fremantle Biennale, a festival promising immersive installations, captivating performances and contemporary art from over 80 artists from around the world. This year, more than 70 events will take place across Fremantle (and for the first time, Rottnest Island!) between 3rd November and 19th November. We are excited to see the “First Lights – Kooranup” drone light show over the river and ocean!

If you’re looking for something else to do locally this Sunday, head down to the Fremantle Oval to catch the Fremantle Dockers Women’s Team take on Sydney for the AFLW Pride Round. Tickets start from $10 and children under 18 are free. There’s a great community atmosphere.

We will be opening our many beautiful listings for sale this weekend and, if you are looking to buy, sell or lease, we look forward to meeting you at one of our home opens.