A seven-bedroom property on Shearsby Crescent in Yass sold via private negotiations for $2.45 million setting a new residential benchmark for the suburb.

The residence is affectionately known as Lachiana Estate and sits on 8.5 hectares featuring its own saltwater swimming pool, an outdoor hot tub, and spacious grounds with a private pine forest.

Selling agent Tara Davaris of Johnny Warren Properties wasn’t surprised by the result and said they appraised it between $2.3 and $2.4 million.

“We worked that price out just by replacement costs,” she said. “There was a comparative sale in the area, out Dog Trap Road, which apparently went for 2.4 million.”

Tara noted that Shearsby Crescent had both a homestead and cottage on the property, which could be used as another source of income.

“We thought it was a really fair price at the $2.45 million and we believed in the property right from the beginning,” she said. “It was really good outcome for everyone.”

Tara said the best feature was the homesteads fully renovated kitchen.

“It was just like everyone’s dream kitchen,” she said. “It’s so beautiful and then it opens up into a large family living room, which overlooks the pool.”

“Beyond the pool was the views of the Yass Valley, it was just spectacular.”

Tara said the estate was listed on the market for just two weeks and one day.

“We only ran the one open home,” she said. “We had an open home scheduled for the Sunday and exchanged the Friday before, so we didn’t actually get to the second open home.”

She said they had 12 groups come through during the open home in addition to two private inspections.

“We had a number of inquiries from Sydney buyers and there was a couple also from Melbourne.”

“It was interesting, I suppose COVID is driving these people to more rural areas and being so close to Canberra puts Yass in a really good position.”

The eventual buyers came to an open home and then wanted a private look through before exchange Tara said.

“We were happy to obviously do that for them,” she said. “[The sale] was really, really quick.”

“It’s going to a local Yass Family, which is always lovely to keep our lovely properties with the local people.”

Government records show the previous record for Yass was set by the house at 89 Bango Lane, which sold for $1.773 million in March 2021. The Shearsby Crescent sale sur- passed that by $677,000.

Lachiana Estate has been in the seller’s hands since they purchased it in 2018 for $1.15 million.

By Brianna O’Rourke