The prestigious Perth suburb of Ascot has witnessed property history in the making, with a stunning residence selling for an astonishing $3.5 million, setting a new benchmark for the area's real estate market.
A Landmark Transaction in Perth's Property Landscape
This record-breaking sale occurred at 30 Moffat Street, Ascot, where the beautifully renovated character home attracted significant buyer interest before changing hands in what industry insiders are calling a watershed moment for the suburb. The transaction was handled by real estate professional Andrew Henley from Acton Belle Property, who confirmed the property achieved the highest sale price ever recorded in Ascot.
The previous property record for Ascot stood at $3.35 million, making this new sale a substantial $150,000 above the former benchmark. This significant gap demonstrates the growing demand for premium properties in this sought-after location and indicates a strengthening luxury market segment in Perth.
The Property That Broke Records
The record-setting home sits on a generous 683-square-metre block, offering both space and privacy in one of Perth's most desirable suburbs. The residence itself underwent a comprehensive transformation, emerging as a four-bedroom, three-bathroom luxury home that perfectly blends classic character with contemporary sophistication.
Key features that contributed to the property's record-breaking value include multiple living areas designed for both entertainment and family living, high-end finishes throughout, and meticulous attention to detail in the renovation. The property's prime location in Ascot, known for its proximity to top schools, transport links, and the Swan River, further enhanced its appeal to discerning buyers.
What This Means for Perth's Property Market
This landmark sale sends a strong signal about the health and direction of Perth's premium property market. The willingness of buyers to pay record prices for exceptional properties in prime locations suggests growing confidence in the upper segment of the market.
Andrew Henley noted that properties of this calibre, offering both character and modern luxury, continue to attract strong interest from local families and downsizers seeking premium amenities and locations. The sale demonstrates that well-positioned, high-quality homes in established suburbs like Ascot remain in high demand, even as the broader market experiences fluctuations.
This record-breaking transaction is likely to influence price expectations for similar premium properties throughout Perth's western suburbs, potentially setting a new benchmark for what buyers are prepared to pay for exceptional homes in blue-chip locations.
