Andrew Anastassiou has sold a two-bedroom beachside unit at 9/2-4 Fenton Avenue, Maroubra, for $1.55 million after just one week on market — $378,000 above the suburb’s unit median.
Andrew Anastassiou knew the first open inspection would be critical. The two-bedroom unit at 9/2-4 Fenton Avenue sat 200 metres from Maroubra Beach with north-east ocean views — the kind of coastal position that draws serious buyers quickly.
Three buyers, one week
“We had accumulated buyers for the first open inspection,” Andrew says. “We noticed that we have our strongest buyers attend to the open in the first week.”
That concentration of serious interest delivered three competitive buyers within days. When one submitted an early offer, Andrew went back to the other two, creating the pre-auction tension that drives results.
“They were very interested in trying to secure the property prior to the auction, which gained momentum,” he says.
The best-and-final approach
Rather than wait for auction day, Andrew structured a best-and-final negotiation as the first week closed. The three buyers knew they were competing. The vendors knew they had options.
The strategy worked. The unit sold for $1.55 million — $378,000 above Maroubra’s unit median of $1.17 million — before the scheduled auction.
“We were able to exceed our vendor’s expectations by facilitating a competitive atmosphere prior to auction,” Andrew says.
The vendor response
The vendors hadn’t anticipated a result in the first week. They certainly hadn’t expected a price that far above the suburb’s median.
“They were very surprised with how quick we were able to get over their expectations,” Andrew says.
The 63-square-metre unit offered renovated interiors, a north-east-facing balcony, and secure parking — features that resonated with the buyer profile Maroubra typically attracts: couples and young families seeking coastal lifestyle close to the city.
Maroubra’s coastal appeal
Maroubra’s beachside position — just 200 metres from the sand in this case — continues to attract buyers seeking coastal lifestyle within 10 kilometres of Sydney’s CBD. The suburb’s unit median sits at $1.17 million, with family-oriented couples aged 30-39 forming the demographic core.
The sale demonstrates what happens when preparation meets opportunity. Andrew concentrated his strongest buyers into the first open, recognised early interest, and structured negotiations that gave three serious buyers a reason to commit before auction day.
For sellers in similar beachside positions, the lesson is clear: the right strategy can compress timelines without compromising price.
About the Agent
Andrew Anastassiou is a highly respected real estate professional and Licensee in charge of Home Estate Agents in Maroubra. A born-and-bred local with exceptional interpersonal skills, Andrew treats every property like his own and has built a reputation on loyalty, hard work, and honesty. He is a Justice of the Peace and actively involved in the community, including sponsoring local sports teams. Visit Andrew’s website for more information or call Andrew on 0425 301 977.