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Primrose Sands paradise sold in record $1.45m cash deal

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The sale has set a new pricing benchmark for Primrose Sands. Image / Supplied

A breathtaking property in Primrose Sands has been sold – within just one week of hitting the market and for an impressive amount of cash.

The 24-hectare lot at 1 Falcon Street fetched a staggering $1.45 million, over half a million more than its last transaction price.

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Listing agent Nick Cowley from Harrison Agents told realestate.com.au the property garnered immediate interest as soon as it was listed.

“There were several potential purchasers,” Cowley said.

The sale has set a new pricing benchmark for Primrose Sands. Image / Supplied

“But ultimately, this iconic property — which stretches from the mouth of the Carlton River around 1200m of waterfront land — was bought by a lovely Queensland couple.”

“They have fallen in love with our beautiful state.”

The sale has set a new pricing benchmark for Primrose Sands. Image / Supplied

The plans for the property are currently undecided, but building their dream home is at the top of the couple’s list.

Recent PropTrack figures revealed that the suburb experienced the fastest growth in Greater Hobart.

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In just 47 months, the median price doubled from $255,000 to $510,000.

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