Real Estate

The Art Deco home at 3/11 Moruben Rd, Mosman.

THIS 1930s Art Deco-style Mosman apartment has just sold under the hammer for $1.63 million, smashing the reserve price by $80,000.

Listing agent Scott Thornton of Simeon Manners Mosman said the property at 3/11 Moruben Rd attracted incredible interest while on the market due to it’s rare build and beachfront appeal.

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The property features a rectangular build of 95sq m.

“In the three week campaign, 96 groups inspected the property, with auction day bidding over in just 20 minutes,” Mr Thornton said.

“The property offers a unique Art Deco build with fully renovated interiors, and showcases 180-degree uninterrupted Balmoral Beach views.”

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Renovated interiors include a modern Caesarstone kitchen inclusive of premium appliances.

The classic two-bedroom full brick Art Deco build features a rectangular layout of 95sq m.

Modern interiors feature an eat-in kitchen with Caesarstone benchtops and stainless steel appliances, an open-plan living area, a marble bathroom, and Herringbone oak timber floorboards throughout.

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Light-filled interiors are feature high ceilings feature and ornate cornices throughout.

The home also features high ceilings, ornate cornices, and an outdoor entertaining terrace.

While the apartment build date remains undisclosed, listed property sales within the building complex date as far back as 1978.

CEO of Your Empire, a property buyer agency, Mr Chris Gray suggests this type of older build is a guaranteed money maker for buyers.

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Exteriors at 11 Moruben Rd, Mosman.

“A classic build of over 40 or 50 years old will always offer a prime investment return,” Mr Gray said.

“These type of properties are not only better value for money and easy maintenance, but also attract a guaranteed buyer who is ready to purchase the ‘classic’ home at any price tag.”

Previously held as an investment property, the Art Deco apartment is now home to a young couple downsizing from Longueville.

CoreLogic data reveals the median unit price in Mosman has increased by 64.7 per cent over the past five years.

Source: realestatecomau

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