I figured I’d jump across the harbour from one spot with premium blue ribbon cred to another worthy contender, Double Bay. Gladswood Gardens is a serious patch of real estate turf in one of Sydney’s most lauded suburbs – the appeal of which is broadening, given the X’s lockdown and the renewed retail interest and redevelopment trend. This penthouse, on the market with Sotheby’s, boasts impeccable harbour views and a privileged spot by Readleaf Pool. It also has a jetty with a marina berth. I am not quite at the point where this is something I could utilise, unfortunately.
The penthouse, easy to get to with internal lift access (this wins many points with me) has a well-designed layout, with the main living area and master bedroom overlooking the harbour and the kitchen and dining room at the ‘rear’ of the apartment. There’s also a powder room (the mark of the elite, surely. Although jetties are perhaps an even more pronounced mark of the elite) and a stylin’ en suite. The lower level, along with two bedrooms, a carrara marble bathroom and street access, has the apartment’s pool. This apartment has its own pool. This makes me extremely envious.
The buyer will be in good company; some of Sydney’s most expensive real estate has sold in Gladswood Gardens, including a $38 million sale in April. In Savills’ seemingly most recent resi real estate report, Double Bay was recorded as the fifth most expensive suburb to buy an apartment in Sydney, with 149 sold for a median of $920k in the year to June 2014. Would be interesting to see the year to June 2015 figures (pro tip: I’m thinking they’ve…increased). The suburbs that managed to beat it out were Millers Point with a median of $1.4 million (this one surprises me. If I’d had time, I’d have researched whether a new development had just hit the market, or something similar), Milsons Point (the bastion of prized apartments with its unbeatable harbour views, $1.2 million median), Darling Point ($1.1 million) and Cremorne Point ($975,000). In good company, then. It’s hard to extrapolate much from the data used then as the market has clearly shifted, but that particular list looks to still be relevant, with apartment-buyers tending to favour killer views in the premium end – which is obviously what makes 4/7 Gladswood Gardens stand out among the stock on the market at the moment.