Treasured home to be auctioned

AFTER 38 years of serving the Stone family, the remarkable Inverloch property Bahla Bluff will go under the hammer on Saturday, February 28.
The auction will take place on site – 29 Henderson’s Court – and will be managed by the son of the property owners, Inverloch real estate agent Lewis Stone.
The house was built by Bob and Jean Stone.
When they first set foot on the property there was not a tree in sight and now there is a magnificent garden.
A swimming pool and tennis court complete the outdoor setting.
The house has been well loved but since the passing of Jean, Bob has reluctantly decided to sell with the help of his son.
“It really is a tremendous place,” Lewis Stone said.
“I think the beauty of it is the privacy and the outstanding views. Sadly though, it is time to sell the property.”
The reserve price is set at $1.6 million and will remain at that figure.
Mr Stone has received plenty of interest and has already conducted 15 inspections.
Mr Stone said real estate along the coast has been tough but he has seen a clearance of properties.
“The vendors are meeting the market and the realistic prices have helped,” Mr Stone said.
Around $300-500,000 has been a good buyer range, but anything higher than $500,000 has been difficult to sell.
Despite the hesitant market, Mr Stone said the change from Landmark Harcourts to Lewis Stone Real Estate has been fantastic.
“People like to deal with a person and it helps get my name out there,” Mr Stone said.
“We’ve had some of the best sales we have seen in five years, which is quite significant. It was a big decision but it’s a very pleasing result.”

By Tayla Kershaw

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Posted by Laura Gibb on Feb 20 2015. Filed under Business. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry