Saint Francis Estate | Cranebrook | Real Estate | Land For Sale | House and Land | Land Release | Estate Sold Out In Half An Hour
Last Saturday 11th April, more than 100 people attended the much anticipated land release of the Saint Francis Estate in Cranebrook. With over 800 registrations and due to popular demand, priority numbers were issued 3 days prior to the release. The blocks ranged in size from 568-1616sqm. 100% of the lots on offer sold in less than half an hour, for a total sales value of over $7.96million with an average sale price of $397,800.
Most of the purchasers were local buyers looking to upgrade, with majority of buyers being owner occupiers.
Christopher Lowry, Managing Director of Urban Land & Housing said “The results from Saturday’s land release is a great indication of the strength of the current real estate market,”
“There is no doubt that the good sized blocks and close access to existing amenities, were factors taken into consideration by purchasers.” He said the results also highlight the demand for good quality, vacant land in established areas and the increase of people wanting to move into the Cranebrook/Penrith area.