$3.1m for renovated Neutral Bay cottage with no parking

News Corp Australia Network

Sold – 7 Reserve St, Neutral Bay.

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A renovated Neutral Bay whaler’s cottage with two bedrooms, a studio and no parking has sold in a week for $3.1m.

No. 7 Reserve St was scheduled to go to auction with Stewart Robertson and Alexis Hay, of Raine & Horne Neutral Bay, however buyers had other ideas.

“We had everyone from young families to empty nesters looking at it,” Mr Robertson says.

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The two-level cottage, which is located in a quiet cul-de-sac and has two living and dining areas, as well as terraces and a level lawn and garden. It had a guide of $2.75m

“It’s a gorgeous place, you can’t get more character,” Mr Robertson says. “It was one of those places you walk in and just feel happy.”

7 Reserve St, Neutral Bay.

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The result will no doubt be making the owners pretty happy too.

According to CoreLogic records, they paid $935,000 for the cottage in 2003, meaning they have tripled their money in 18 years.

Sweet dreams.

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The sale is also a new street record, bumping off the three-bedroom house next door at No. 7, which sold in March 2020, for $3m.

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