Mulgoa property sells for $3.5 million

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Andrew Reeves recently sold a Mulgoa property for $3.5 million. Photo: Melinda Jane

The sale of a $3.5 million property in Mulgoa has local real estate agent Andrew Reeves smiling from ear to ear and proves that multi-million dollar sales don’t just happen in the city.

Mr Reeves, from One Agency, sold the unique property on Mulgoa Road last month.

It had been on the market for two months and was sold to a local family.

Mr Reeves said it was quite an honour to list the incredible property, which presented a rare opportunity to potential buyers.

“To be honest we were very fortunate to have had an opportunity to sell a property like this and I was very appreciative to do it and it’s a great result,” he said.

“It was a hard property to price this one, so we just didn’t know what to expect until we put it out there to the open market. But this price met expectations.”

The 41-acre block, which backs onto a National Park, is located close to the Penrith CBD, which is what Mr Reeves said was one of its biggest attractions.

“It’s literally a five-minute drive from Penrith, so I think that was probably the biggest factor and it was just a beautiful location in the sense that it was very private and quite secluded,” he said.

And while it did have potential to be used for commercial use, the new owners of the property will be turning the double brick house into a home.

“A local family are moving in with four young kids, so it was based on providing a really nice lifestyle for that family,” Mr Reeves said.

Lauren Suttie

Lauren Suttie is the Weekender’s General & Community News journalist.

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