There are a host of reasons why a property can be considered “unique” here in Sydney and we’ve certainly encountered our fair share of diversity when it comes to decorating tastes, seller belief in value and what one buyer considers “fair price” over another who doesn’t. After all, it would be boring if we were all the same.
However, when it applies to real estate, there are a number of particular factors that buyers will sometimes pay a premium for. These include character dwellings, views (obviously water and harbour views being more highly-prized) high quality fittings and fixtures, land content, development site potential and scarcity of the property/position. Residential properties that possess that “wow factor” can be tricky for selling agents to appraise, with the majority going to auction. The level of demand for such properties is also difficult to ascertain, especially if the property is at the premium end of the market. However, it’s important to keep in mind that if you are drawn to a unique property, that it be considered carefully (with all faults and features revealed) and, if unsure of likely value, engage a professional to assist.