Nicholas Armstrong-Smith of Century 21 Armstrong-Smith has set a new Bondi Junction record, selling a separate-title car space at 71-73 Spring Street for $180,000 after just three days on market via private treaty.
The result demonstrates the power of knowing your patch — Nicholas targeted owner-occupiers in the building directly through leaflet drops, text messages and email broadcasts, creating competition among three serious buyers and pushing the price $20,000 above the vendor’s $160,000 hope.
Three neighbours, one car space
All three competing buyers were owner-occupiers within the building. The successful buyer was an owner-occupier who had previously signalled interest in purchasing another car space.
“We’re very familiar with the building, and we’ve sold numerous car spaces there,” Nicholas says.
“It’s quite unique to have car spaces on separate titles to apartments, so when one becomes available, it’s a great opportunity for someone to purchase one.”
Offers started at $140,000 and climbed to the final $180,000 through the three-way competition.
The master plan making parking worth a premium
The result reflects broader demand shifts in Bondi Junction tied to the area’s proposed master plan.
“With thousands of new properties potentially coming, car spaces are in hot demand,” Nicholas says.
His office sits directly across the road — a proximity that gave him an intimate read on the building’s resident profile and latent demand.
‘The best experience we’ve ever had’
The vendor left a five-star review on realestate.com.au describing the experience as “the best we have ever had in the real estate market.”
The review praised Nicholas for “obtaining a fast sale at a great price with no hassle” and highly recommended him as an agent.
About the agent
Nicholas Armstrong-Smith has led Century 21 Armstrong-Smith since 2012, building a multi-award-winning operation across Sydney’s Eastern Suburbs. A six-time Century 21 Centurion Award winner placing him among the top 2 per cent worldwide, he is a licensed estate agent, auctioneer and Justice of the Peace known for clear communication and first-class service. Visit Nicholas’s website for more information or call Nicholas on +61419273703.