Clover Moore scores eye-popping home profit

Long-time City of Sydney Lord Mayor Clover Moore has made a jawdropping profit on the sale of her inner city home.

Long-time City of Sydney Lord Mayor Clover Moore has made an jawdropping profit on the sale of her inner city home. Picture: Rohan Kelly.

City of Sydney Lord Mayor Clover Moore and her retired architect husband Peter sold their longtime Redfern terrace at its onsite weekend auction for $4m.

They had bought it for $45,000 in 1978.

There were $4m price hopes for the three-storey Federation residence, which sits on a 230sq m double block.

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City of Sydney Lord Mayor Clover Moore. Picture: NewsWire/Damian Shaw

The active 79-year-old Ms Moore, who has been married for 55 years, said she was happy with the result.

The three-bedroom, two-bathroom Kepos St terrace went to auction through Progress Real Estate agent Florance Wong.

Two of the three attendees spotted with bidding paddles lodged bids after bidding opened at $3.8m.

The listing attracted some 2600 views on realestate.com.au.

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One of the three bedrooms.

“Surely, inner-city living at its very best,” the marketing suggests, advising the property is located close to the Gunyama Aquatic Centre and Green Square Library, two legacy projects of the Mayor.

PropTrack puts Redfern’s three-bedroom median terrace price at a record $2,172,500, up 15 per cent annually. Its prior $2.01m peak came in early 2022.

Redfern’s record house price remains $5.75m for a four-bedroom freestanding residence on a 335sq m Bourke St holding in 2022.

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The terrace house in Redfern that Clover Moore purchased in 1978 with her husband Peter for $45,000

Both the formal dining and living rooms of the house have ­traditional marble fireplaces, decorative cornices and ceiling roses.

Behind Moore’s decorative timberwork facade, both the formal dining and living rooms of the house have ­traditional marble fireplaces, decorative cornices and ceiling roses.

There is an original cedar and pine polished timber staircase, topped with a brass chandelier.

The property also has an attic office.

The Moores bought the property after her return from five years in London in the 1970s.

Family members reportedly occupy the terrace.

The Moores have relocated to the nearby Moore Park Gardens apartment complex where they spent $900,000 through Wong on a two-bedroom, two-bathroom apartment in 2014.

Their downsizer apartment is in the 560-unit development on the former Reschs Brewery Site at East Redfern.

In September, Ms Moore secured a historic sixth term as Lord Mayor in the local government elections, albeit falling short of a majority.

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Originally published as Clover Moore scores eye-popping home profit