Media release - 2nd February, 2015

Sydney real estate’s bull market run is expected to continue, with the iconic Rose Bay home, Energlyn, predicted to set the pace for prestige property sales in the Eastern Suburbs in 2015.

According to listing agents Mark Yeats and Max Spartalis from Raine & Horne Double Bay, it’s anticipated that the magnificent blue-chip private oasis at 8 Churchill Road Rose Bay will fetch between $8 and 10 million when it goes under the hammer on Thursday 26 February, 2015.

Mr Yeats and Mr Spartalis believe the 2014 sales results achieved by Eastern Suburbs real estate will be replicated in 2015.

“People forget there is an untold amount of money in the Eastern Suburbs, which is doing nothing thanks to concerns about share market volatility,” said Mr Yeats.

“The Eastern Suburbs is also a high-income pocket that is home to some of Australia’s most real estate savvy buyers, who are not afraid to invest their money in a capital gains tax-free asset such as an owner-occupied house.”

Energlyn is an impressive two-storey limestone building built on 1,000 square metres of north-facing land with spectacular views of the City, Sydney Opera House, Sydney Harbour Bridge and Sydney Harbour.

“This grand modern family home is ideal for those seeking rarity, beauty and views. To this end, it opens onto balconies, terraces, a heated pool and large sunny level gardens,” said Mr Yeats.

The flowing indoor/outdoor home offers luxury and versatility, according to Mr Spartalis.

“There are several generous living/dining rooms, a granite main kitchen, and five bedrooms, including a palatial master bedroom with walk-in robe and marble ensuite,” he said.

“The home also has a separate study and designer bathrooms, including three ensuites, as well as abundant storage.”

Other features of the spectacular Energlyn include high ceilings, ducted air-conditioning, a 4-car garage with internal access, workshop and wine-cellar.

“We expect an established family will buy this home as the property is built on level land. They will have children at a local private school, and shrewd buyers will note that Energlyn comes with separate au pair accommodation,” said Mr Spartalis.

“It’s rare for a house of this calibre to hit the market, so we expect plenty of activity in the lead up to the auction on Thursday 26 February, which will be held at the Raine & Horne Double Bay Auction Centre located at 27/20-26 Cross Street, Double Bay.”

–ENDS–

For further media information contact:

Mark Yeats, Raine & Horne Double Bay on 0417 477 420

Max Spartalis, Raine & Horne Double Bay on 0418 962 828

Andrew Harrington, National Communications Manager, Raine & Horne on 02 9258 5400

Energlyn auction set to energise Eastern Suburbs prestige market