The selling price of a Queensland home 100 years ago has more than doubled in just two years and more than its remaining life in 24 months.
Ray White New Farm agent Christine Rudolpn, purchased as an investment property for $ 1.175 million in February 2019, has the owner accepted a $ 2.8 million offer and sold the property prior to an upcoming auction. Was announced.
Paddington’s 8 Garfield Drive home in Brisbane’s sizzling city center has been rebuilt and refurbished to suit modern families, with a significant amount of work done.
The $ 2.8 million price acquired before the auction is $ 1.625 million higher than the vendor bought the property in February 2019, but the cost of redesign and restructuring is not mentioned. Hmm.
Vendors tested the market with another realtor through a private treaty with a $ 3.2 million price tag during the blockade after COVID-19 last year, but with no success.
Rudolf said the property was inspected by 100 groups this time with strong interstate and international interest.
She said the buyer was an entrepreneur who “fallen in love on the spot” with the property’s excellent address, private status, and character’s home.
It was “purchased on the same day and auctioned”.
She said the house had undergone a “superb reconstruction” and a strong infusion of “modern minimalism” into the design outside the DAH architecture.
Its strong selling feature is also its “irreplaceable fame location”, located in several homes from the landmark Paddington Water Tower, with views of the neighborhood and surroundings.
Sitting in a 579-square-meter triangular corner block, the original house dating back to the early 1900s was completely rebuilt.
“All parts of the house have been completely rebuilt from scratch, leaving only the original floorboards, doors and windows,” Ms. Rudolf listed the property.
“The rejuvenation of Douglas Construction and Development presents a brand new home that you have never lived in and provides a sense of security covered by the builder’s warranty.”
Due to the redesign, the house now features a 3m high ceiling and large crevices, art gallery walls, an open-plan living room, an outdoor pavilion and a chef’s kitchen linked to a swimming pool.
The dream kitchen, with its 4m long marble island bench, Miele appliances and a large hidden butler’s pantry, was generous.
Large amounts of money have also been invested in glass stairs, overhead skylights, custom floor-to-ceiling doors, built-in storage, duct air conditioning, master retreats, plantation shutters, secure gated entrances, and video intercom. ..
According to REA figures, Paddington’s median home price is $ 1.47 million for four sleepers.
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Place of originValue of century-old home more than doubled in two years