Saturday’s auction of the final five remaining blocks of land in Harrington Grove’s Dancerwood precinct saw record prices for Harrington Estates and what is thought to be a sales record for the region.
The prices for the five blocks, pictured, ranged from $770,000 to $1.205 million, with plenty of healthy competition from buyers.
These prices are well above median prices for green field land in the Sydney metropolitan area.
The Urban Development Institute of Australia (UDIA) reports that the median lot price for Sydney in 2019 was $459,000.
Harrington Grove also bucks the trend on lot sizes, with the final five home sites in Dancerwood ranging in size from 871 square metres to 1,400 square metres, while the Sydney median according to the UDIA was 380 square metres in 2019.
“The final five blocks within Dancerwood were really special home sites, which is why we kept them for our grand finale,’’ says Harrington Estates managing director Terry Goldacre.
“We had plenty of registered bidders for the sought-after lots and I’m sure there’ll be five great homes built on these sites,” he said.
Harrington Grove is a master-planned residential community.
All residents of Harrington Grove have access to community facilities like Harrington Grove Country Club, tennis courts, swimming pools, a gymnasium, community rooms, parklands, and other clubs.
Harrington Park and Harrington Grove are both highly awarded estates that have been lauded for retaining natural bushland and setting the benchmark for sustainable developments.
Both are past winners of the Urban Development Institute of Australia (UDIA) Residential Development Award.