A tennis court with development approval for a new luxury home has come to market in one of Wahroonga's most sought-after streets.
Rare tennis court with DA in Wahroonga has $2.5 million guide
Amanda Sheppeard
Tennis anyone? (AAP IMAGE / Troy Snook)
The 1001sqm north-to-rear property at 78 Billyard Ave, has a price guide of $2.5 million and is quietly being marketed ahead of an auction campaign next year.
MORE: Waterfront pad claims one of Birchgrove's best sales ever
Deep waterfront with $11.5m guide
David Walker and Belinda Edwards of Ray White Upper North Shore are marketing the property.
Ms Edwards said the land was subdivided from a neighbouring property.
Ray White Upper North Shore agent Belinda Edwards on the tennis court for sale. The house is not included in the sale.
It was sold last year and the new owners successfully lodged plans for a new five-bedroom home. Their plans have since changed and the property has come back to the market, she said.
"We have had a lot of inquiries," she said.
"It is a great opportunity, everything has been done for the DA."
The property is located close to local shops, 800m to Knox Grammar, and within walking distance of Wahroonga train station, the village, Abbotsleigh and other elite schools.
Ms Edwards said the level of interest was so high the property might not make it to auction.
Billyard Ave is regarded as one of Wahroonga's most prestigious streets, and the sales history supports this.
No. 78 Billyard Ave, Wahroonga.
According to CoreLogic, only two of the 75 homes in the street have changed hands this year.
The highest price paid for a property in the street was at 19 Billyard Ave, which last traded in March, 2017, for an impressive $11 million.
The seven-bedroom house on 7583sqm is the second most expensive private house in the whole of Wahroonga.
The suburb has led the upper north shore recovery, with a stock shortage and high buyer demand driving strong prices.
According to the latest Market Trends report from realestate.com.au, Wahroonga's median house price is $1,855,500, which represents a solid three-month price growth of 5.1 per cent.
Longer-term growth over five years is 40.8 per cent.
No. 78 Billyard Ave is one of only two blocks of land currently for sale in Wahroonga, according to realestate.com.au, and the two properties have plenty in common.
The other, at 9 Sutherland Ave, is just around the corner from Billyard Ave, and also comes with a tennis court, and a price guide of $2.5 million.
No. 9 Sutherland Ave, Wahroonga.
However it does not have a DA in place for a new home. The 1918sqm block is a 50m walk to Knox Preparatory School and a 500m walk to Wahroonga Train Station and Village to be offered to the market
There hasn't been a property sale in Sutherland Ave so far this year. Tim Fraser, of Di Jones North Shore – Wahroonga, has the listing.
SIGN UP HERE FOR THE NSW REAL ESTATE NEWSLETTER
Million dollar dumps: how they look now
Window closing for buyers to get better deal
Biggest mistakes new investors make
What a difference a year makes
The $1 billion dollar property payday
Local schools are major drawcard
Prestige property primed for 2020