A Contemporary Beachside Pad Hits The Market
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A Contemporary Beachside Pad Hits The Market

With panoramic ocean views, this Freshwater property is sure to make a splash.

By Terry Christodoulou
Fri, Mar 5, 2021 2:56amGrey Clock 2 min

A contemporary waterfront pile, footsteps from the sands of Freshwater beach has just come on the market.

This 5-bedroom, 3-bathroom, 3-car parking residence designed by award-winning architecture firm Brewster Hjorth spans three levels and maximises its coastal appeal through the use of raw timbers, off-form concrete, copper adornments and glazed glass doors and facades to soak in the incredible views.

The first-floor homes the open-plan kitchen, living and dining areas and is privy to high-ceiling and a glazed façade that overlooks the ocean. It’s also here that timber features of Spotted gum, Ebony and Oregon come to the fore.

The kitchen is replete with Marblo resin benchtops, stainless steel side benches alongside Gaggenau and Miele appliances. Also on this floor is the butler’s pantry, which offers temperature-controlled wine storage, a bathroom and a home office that can be converted into a guest room with a murphy bed.

Downstairs sees the bulk of the bedrooms, all of which enjoy built-in robes, alongside a home cinema, laundry, bathroom and storage room.

The master suite sits alone on the top floor and is privy to a walk-in-robe, ensuite and its own rooftop courtyard.

Also on the top level is the deck which offers panoramic watery views and is the ideal entertaining space with its own outdoor kitchen.

Further,  two private rear courtyards are lined with a tropical garden, while a hot and cold outdoor shower is ideal for a post-swim rinse off.

Throughout the home sees a combination of terrazzo and timber flooring, which is all heated underfoot while a keypad entry and Sonos surround system round out the tech features.

Settled in the sought-after retreat of Freshwater Basin, the residence is a short stroll to Freshwater Village and Harbord Diggers and an easy walk to Manly beach.

The listing is with Clarke & Humel Property’s Michael Clarke (+61 402 425 486) and Mike Dunn +61 409 317 335). 48 Ocean View Road Freshwater, NSW, price guide, $10million.

Clarkeandhumel.com.au

This article was originally published by Robb Report ANZ

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House values continued to fall last month, but the pace of decline has slowed, CoreLogic reports.

In signs that the RBA’s aggressive approach to monetary policy is making an impact, CoreLogic’s Home Value Index reveals national dwelling values fell -1.0 percent in November, marking the smallest monthly decline since June.

The drop represents a -7.0 percent decline – or about $53,400 –  since the peak value recorded in April 2022. Research director at CoreLogic, Tim Lawless, said the Sydney and Melbourne markets are leading the way, with the capital cities experiencing the most significant falls. But it’s not all bad news for homeowners.

“Three months ago, Sydney housing values were falling at the monthly rate of -2.3 percent,” he said. “That has now reduced by a full percentage point to a decline of -1.3 percent in November.  In July, Melbourne home values were down -1.5 percent over the month, with the monthly decline almost halving last month to -0.8%.”

The rate of decline has also slowed in the smaller capitals, he said.  

“Potentially we are seeing the initial uncertainty around buying in a higher interest rate environment wearing off, while persistently low advertised stock levels have likely contributed to this trend towards smaller value falls,” Mr Lawless said. “However, it’s fair to say housing risk remains skewed to the downside while interest rates are still rising and household balance sheets become more thinly stretched.” 

The RBA has raised the cash rate from 0.10 in April  to 2.85 in November. The board is due to meet again next week, with most experts still predicting a further increase in the cash rate of 25 basis points despite the fall in house values.

Mr Lawless said if interest rates continue to increase, there is potential for declines to ‘reaccelerate’.

“Next year will be a particular test of serviceability and housing market stability, as the record-low fixed rate terms secured in 2021 start to expire,” Mr Lawless said.

Statistics released by the Australian Bureau of Statistics this week also reveal a slowdown in the rate of inflation last month, as higher mortgage repayments and cost of living pressures bite into household budgets.

However, ABS data reveals ongoing labour shortages and high levels of construction continues to fuel higher prices for new housing, although the rate of price growth eased in September and October. 

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