This ‘perfect family home’ in inner city Sydney has emerged as a new battleground in the fight for the upper hand between buyers and sellers in the rapidly shifting and increasingly uncertain real estate market.
The character-filled 3-bedroom semi at 21 Clyde Street, Croydon Park, has all the elements of a fantastic lifestyle family home in a sought-after location at an affordable price.
“Fusing retained period charm and an appealing renovation, this full brick family sanctuary unveils an enviable lifestyle of space, light and privacy,” the humble listing reads.
“A picturesque facade belies the generous layout within, and the home showcases free flowing interiors, an ideal single level layout and a deep leafy backyard, representing the first choice for young families, downsizers and investors looking for a quality home in a community-focused setting.”
The sun-filled backyard poses as one of the home’s biggest attractions.
A year ago, such a home would not have lasted a week on the market.
But that was then and this is now – three interest rate rises later amid a cost of living squeeze.
However those might be periphery ones for the keen family looking to secure a new home, battling against downsizers who have done handsomely in the capital growth side of things on the back of a property boom or four over the last two decades.
But after a year after chasing their tails, buyers now feel they have much more hand.
“It’s a fantastic property and we have had great numbers coming through the door despite the negative media hype,” sales agent Tommy Ajaka explained.
“It’s lovely home, great sunlight, beautiful character features, and a good size block of land for a semi.
“Buyers are at this stage are trying to play the upper hand and for both buyers and sellers coming to market they understand there is a bit of correction happening after the runaway growth we have experienced and people appreciate that and accept it.
“In terms of rate rises, and an auction campaign, what tends to happens is for buyers it’s just a matter of going in and knowing how much they can spend and not pushing that.”
“That’s why it’s important to price things appropriately and yes, listening to the market is one of the most important parts of my job.
“You need to be wary, people out there are trying to get a bargain and when you’re selling the family home there is no such thing as a bargain.”
The home has a price guide of $1.35m and was last sold in 2017 for $1.2m.
The other side of the semi, 23 Clyde St, sold for $1,462,300 in February 2020, property records reveal.
“I really feel it is a great property for any family looking to buy, one of those homes that really ticks a lot of boxes. For so many it’s the perfect family home,” Mr Ajaka said.