What price would you pay for this red brick special?

73 The Esplanade, Mosman is being sold via an “invitation to purchase” campaign closing on September 22. A dated textured red brick house with faded awnings, broken blinds and stained carpet has just listed in Mosman, and proving that location is everything, it has a $20m price guide. Because while 73 The Esplanade is a 1960s timewarp with a kitchen servery, white wrought iron balcony balustrades and an old single garage at the rear it is also on Balmoral beach with uninterrupted views stretching to North Head. The five-bedroom, two bathroom two-storey home on 433.6sqm of land has been held for 40 years and is one of a handful of freestanding houses fronting the beach. Ray White Lower North Shore principal Geoff Smith sold 75 The Esplanade for $14.6m in 2020 and number 71 The Esplanade for $10m in 2016. MORE: Star agent arrives at Ray White with 30 listings “Location is everything.” Stuck in a time warp. But wake up to this view! “Houses here simply never sell, and I am expecting there will be very solid demand,” he said. He added that the elevated home has world-class views, commands arguably Balmoral’s best vantage point over the reserve and out toward the ocean and offers renova...