Prestige Property: 2 Lomond Place, Castle Hill, NSW
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Prestige Property: 2 Lomond Place, Castle Hill, NSW

This luxurious pile hopes to break the suburb record.

By Terry Christodoulou
Fri, Nov 26, 2021 2:37pmGrey Clock 2 min

Perched on an elevated position, this three-level, 7-bedroom, 6-bathroom, 5-car bedroom home in Sydney’s Castle Hill captures district views of the famously leafy locale and hopes to break the current suburb record when it goes to auction on December 18.

Located in one of the suburbs most prestigious streets comes a magnificent double-brick masterpiece offering modern grandeur and endless luxury across an impressive 2000sqm block.

Within the home sees grand proportions throughout, further emphasised by the broad tiles used underfoot and the elegant bulkhead detailing above. These modern details combine with the wrought iron staircase to lift the eye and create a sense of space and drama in the home’s foyer.

Beyond the entrance, replete with chandeliers, the home sees palatial formal living and dining areas alongside an open plan living and dining space.

It’s here that the gourmet kitchen, replete with Miele and Smeg appliances, forms the focal point of the home. The ground level sees a secondary kitchen – that acts as a butler’s pantry – complete with a full suite of appliances.

Elsewhere, the home boasts a billiards room, study and home cinema.

Upstairs sees the accommodation, including the 7.4 x 7.9-metre master bedroom, complete with a walk-in-robe and ensuite – the latter adorned with marble details.

The remaining bedrooms all see walk-in robes or built-in robes as well as balcony access for each room.

Outside, the home is privy to a large entertaining area with travertine tiling.

Here, one finds the impressive in-ground pool and shaded lounging area alongside the floodlit championship-sized tennis court and basketball court, making the home ideal for entertaining.

The lower ground level plays host to the five-car garage and guest accommodation, complete with bathroom, kitchenette and separate entrance.

The home is listed with Merc Real Estate’s Mechlenne Douaihy (+61 434 548 435) with an auction set for December 18. Price guide $5.8 million; mercrealestate.com.au



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After more than a year, prices have finally levelled out in prime central London, while outer London saw a small uptick in high-end prices from the previous quarter

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The first quarter of the year brought some long-awaited signs of recovery in London’s luxury housing market, offering the first positive quarterly price growth since September 2022, according to a report from Savills on Wednesday.

After six consecutive quarterly price falls, luxury home prices in central London levelled out in the first three months of the year, with a 0.1% quarterly uptick in prices. The £3 million to £5 million (US$3.79 million to US$6.32 million) market saw a slightly larger increase of 0.3%.

Outer London’s luxury market saw greater quarterly price growth, with home prices up 0.8%, as some stability returned to mortgage costs and lured more buyers back to the market, according to the report.

All of this is evidence that the market is “in early stages of recovery,” according to Lucian Cook, head of residential research at Savills.

“The outlook for the housing market has certainly improved, partly because the mortgage market has recovered more quickly than expected,” Cook said in the report. “With the first rate cut rapidly coming into view and recessionary risks easing, greater stability has returned to the cost of mortgage debt, which has positively impacted domestic prime markets, where many buyers rely on borrowing, most notably in leafy outer prime South and West London, as well as the commuter belt.”

Outside of London, prices across the U.K. saw no quarterly growth heading into the beginning of the spring market, which is expected to bring higher levels of buyer activity in many regions.

Suburban regions saw prices dip just 0.1%, while urban areas—like Edinburgh and Glasgow in Scotland, and Bath and Oxford in England—saw prices increase by 0.6%.

Cook said regional buyers are more likely to be concerned about market uncertainty than London buyers in the lead up to the general election.

“As a result, buyers are still expected to be less committed until the dust has settled,” he said.

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