42 Drummoyne Avenue
Drummoyne
- 5 bed
- 5 bath
- 8 car
SOLD
6th September 2022
The background
Daniel Patterson and Alexander Trovato proved that seasoned negotiation skills and a structured, well-executed campaign can garner extraordinary results in any climate. ‘Ocean’s Mansion’ at number 42 Drummoyne Avenue, Drummoyne sold in last year’s peak strength market for a colossal $13.125m yet the pair traded the home well above this in a challenging economic environment.
It was Daniel’s core market knowledge and experience in selling luxury real estate that secured him the listing of the magnificent five-bedroom deep waterfront with mooring pen and slipway. Flaunting one of the most extensive waterfront landholdings in the area, the exceptional home is a sumptuous display of timeless quality, luxury and class. As an aspirational piece of real estate it was in high demand and received a tremendous amount of publicity from journalists and major real estate portals.
Strategies we employed in this campaign
Daniel comments, “We agreed on running an Expressions of Interest campaign which is a tried and trusted method of discretely ascertaining the level of interest in a property of this calibre, with few sales to compare it to. The marketing schedule was strategically designed to place the home on the radar of all key luxury buyers in the market. With many of these buyers already known to us, relationships were a key element in the success of this sale.
“We exchanged contracts within 29 days on the market and in doing so secured Drummoyne’s second highest sale price for 2022 and fourth most expensive sale price ever when it traded on 6 September. Our clients were elated with the result and how rapidly it was achieved and we were really proud of the fact that we able to uphold the intrinsic value of a very special property despite the cooling market conditions.”
42
Groups Inspected
29
Days on Market
5
Contracts Issued
189
Enquiries
