Crumbling riverfront mansion lands enormous kitty for RSPCA
A crumbling riverfront mansion gifted to the RSPCA in a high end Brisbane suburb has landed it an enormous kitty at auction. SEE DETAILS, PLUS TODAY'S AUCTION VIDEOS & RESULTS
This riverfront home in Chelmer was sold for the RSPCA and landed a huge sum.
A riverfront home in Brisbane high end suburb Chelmer has landed an enormous kitty for the RSPCA after selling at auction Saturday.
The three bedroom, triple bathroom home on a prime 675sq m riverfront site at Queenscroft Street was gifted to the RSPCA, according to property records.
The fact that the home was in dire need of major repairs and upgrades - and potentially being torn down subject to council approval - did not stop interest in the property, with the stunning location and potential of the site drawing over 80 people to the auction.
Seven bidders registered to battle it out for the home, pushing the auction to $1.455m - which was $155,000 over the reserve, real estate agent Reuben Packer-Hill of Ray White Toowong confirmed.
The winner of the auction plans to demolish the building and build his dream home.
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He and colleague Zach Taylor marketed the post war home as being "an increasingly rare opportunity for an astute buyer to knock-down and build a magnificent new residence (STCA)".
"The existing multi-storey dwelling requires thorough renovation" especially the kitchen, bedrooms, and bathrooms, but it also has quirks like a sunken lounge room and raked ceilings. The site has just under 20m river frontage and adjoins a Brisbane City Council reserve.
Mr Taylor said most of the bidders were local owner occupiers. “The winning bidder hadn’t seen the home in person until today, he intends to knock down and build his dream home".
Auctioneer Haesley Cush said in a statement that it was an incredible auction with lots of bidding. “The bidding opened at $700,000 and it was called on the market at $1.375 million,” he said.
“It just represents incredible value, nowhere in Sydney or Melbourne could you get a riverfront property like this at this price point.”
See Replays of Earlier Auctions:
Competition was tight through the day as just under 50 homes went under the hammer amid school holidays. Buyers across Greater Brisbane saw more choice at auction this week with 9 per cent more homes under the hammer compared to the same time last year – half of which is being put up for sale Saturday.
The capital is seeing a resurgence at the same time as regional Queensland auction numbers dropped dramatically – down 22 per cent for the week year-on-year, which saw the overall Queensland figures drop 10pc to 199 auctions, according to PropTrack data.
The number of homes going to auction next week in Greater Brisbane was expected to double this week’s figures showing the impact that school holidays have on the auction market.
Around 2,292 homes were slated for auction this week across the country, 20 per cent more than the same week last year.
Updates
Bungalow built for WWI veteran by his sawmill family smashes reserve
The stunning home retains much of the original timber from the Lahey sawmill.
A beautifully kept bungalow that smashed reserve at auction this morning was built for a WWI veteran whose family's sawmill supplied materials used in some of the earliest public vehicles and vessels in Brisbane.
Originally called ‘Red Dawn’, the cherished family home was built on a 1,161sq m block at 96 Clewley Street, Corinda, for veteran Jack Lahey whose father David's sawmill supplied materials for Brisbane's early 'dreadnought' trams and a vehicle ferry connecting Chelmer and Indooroopilly before the Walter Taylor Bridge was built.
The family had built several bungalows in the area using the finest timbers they could find, according to real estate agent Charles Wiggett of Hauss Graceville.
He saw the home attract about 70 parties through opens leading up to the sale with seven people – including one interstate bidder – registering for the auction.
"The majority of buyers were an older demographic," he said. "The people that bought it want to restore it as much to original condition as they can. They're probably the perfect buyer for that house."
The new owners hope to restore the home to its original glory.
He said the family that sold the home – who held it for 50 years – were "absolutely over the moon" to have sold it "significantly" more than expected.
"It sold for $1.85m, which went significantly above their reserve," Mr Wiggett said.
The home has four living areas, large bay windows, built-in window seats on three sides, a kitchen with a two way built in buffet to the dining room, french doors, four bedrooms with original rosewood floorboards at the front of the home and pine in the kitchen.
"This particular one was unusual," he said. "I've done a few historical properties of late which are quite sought after. It's not everyone's cup of tea but they certainly attract a lot of attention."
"The market is strong and steady. Certainly there are buyers out there, and they're quite savvy at the moment. Specific unique properties do get attention."
The couple were thankful to have landed a property within 13km of Brisbane CBD.
A couple in their 30s emerged victorious and relieved after landing their first home at auction closer to Brisbane than they thought they'd afford.
The couple who moved to Brisbane from New Zealand said the auction was their last chance closer to the city. "If we weren't successful here, we would have probably gone further out".
Their winning bid for the three bedroom home was $688,500. It is on a 607sq m block about 13km from the Brisbane CBD in Archerfield.
About 30 people spread through the veranda and living area for the auction.
"All our weekends have been house hunting the last couple of months," said one of the successful first home buyers who preferred not to be named. "We were kind of losing hope as well, it's such a competitive market and it's our first time."
As migrants from New Zealand, the couple don't have access to any first homebuyer grants. "We had to take a lot of things into consideration and thought it was better to get into the market right now. We didn't want to wait for prices to keep growing. It was just about finding the right location as well."
About 30 people witnessed the hammer go down at what real estate agents Bevin Powell and Osman Thomas of Ray White Annerley described as an "immaculate perfect first home".
Lucky 8 bidders drive Sunnybank Hills home past $1.2m
This four bedroom Sunnybank Hills home has sold for $1.225m.
A fortuitous eight bidders registered for a chance at landing a Sunnybank Hills home, driving its sale price past the $1.2m mark.
Built on a 555sq m block at 41 Chilton Street, the property was marketed by Louis Soh of Auspro Properties Sunnybank as "better than new" having been fully refurbished.
The home sold for $1.225m under the hammer, a solid gain for the sellers who paid $521,000 14 years ago in 2009 – a $704,000 jump.
The home has been rented out in the past, with the most recent public rental set at $530 a week in 2016.
The agent described the home as 'better than new' having recently been refurbished.
The four bedroom home is located close to just about everything that makes Sunnybank tick – including the busy Market Square 3km away as well as Sunnybank Private Hospital, with Pinelands Plaza even closer and Sunnybank Train Station just over 1km away.
It is located within the sought-after Sunnybank Hills State School catchment area.
Fabulous location, close to the river, close to the bridge to the University of Queensland, a short drive to the city.
A three bedroom brick and tile home just 250m from the Brisbane River was snapped up before it could go under the hammer this morning.
Property records show the property was bought for $69,000 in 1988 when the home was built on it.
Real Estate agent Chris Kazonis of Drakos Real Estate West End, who marketed the home with colleague Emanuel Kazonis, confirmed it sold for $900,000.
The 1948 home, located at 26 Stimpson Street, Fairfield, on a 569sq m block, was listed as a solid first home or investment opportunity. It has council parkland next door as a major bonus for those with children.
The home was built in 1988.
Its key location puts it within the catchment of the new Brisbane South State Secondary College, a short walk from Dutton Park train station, with access nearby to the University of Queensland and St Lucia via Eleanor Schonell Bridge.
"The prominent "Brisbane Corso" is only 100 meters down the road where you will find opulent multi-million-dollar waterfront properties all lined up along the Brisbane river which gives you the neighbourhood where return on investment from any upgrades, renovations or new development will easily be gained."
A two bedroom home in Hendra on a 417sq m block has sold for $850,000, breaking a record for home like it in the gated community it sits in.
The property at 28/40 Blaikie Street, Hendra, sold to a young couple who saw just five bids cast to win the home.
Bidding opened at $750,000, then progressed to $775,000, $800,000, $825,000 and $850,000 which is when it was declared on the market.
Ray White Ascot agent Chrese Morley, who took the property to auction with colleague Keith Mahon, had marketed the renovated single level villa as private and peaceful within the highly desirable 'Avenues' of Hendra.
Bidders and neighbours found spots in the shade to get in on the action. Auctioneer Phil Parker congratulates the winning couple.
Caption:This townhouse sold for $850,000.It's been a really interesting mix between young couples, families and older people that are looking to downsize," she said, with the price fetched the highest among two bedders within the gated community.
The home has a timber deck that wraps around 3 sides with single level living, two queen-sized bedrooms separated by the bathroom, powder room and large laundry. The open plan lounge and dining flows out to the deck through sliding doors, and while the home has a one car garage, the new owners can follow others in the community to apply for approval to increase their car park.
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