This ‘untouched’ Brisbane house built in 1890 has sold for millions after finding a buyer willing to restore it to secure a 427sq m inner city foothold.
The 133-year-old house called Norwood had been unsuccessfully listed for sale at $1.6m two years before Covid-19, according to records, but the value has now surpassed even that 2018 expectation by $935,000 in just five years.
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Records show the home last changed hands for just $120,000 about 34 years ago, and was brought to market by an interstate architect with a taste for heritage homes who has now secured $2.535m for it.
The property has full architectural and structural plans approved to reconstruct and repair its verandas.
It sits on an elevated flood-free 427sq m block – with its location sealing its post-pandemic price tag given its proximity to the city (3km), Merthyr Village, New Farm Park, James Street, Howard Smith Wharves as well as leading public and private schools.
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Norwood, which is located on Villiers Street, New Farm, was listed for auction in original condition “vastly untouched” with features such as high pressed metal ceilings, egg and dart cornices, double-hung and casement timber windows, timber flooring throughout, decorative fretwork breeze-lights and cast iron rimlocks.
Ray White New Farm real estate agent Nick Mogridge had listed the property as “a rare gem”.
“Highly sought, yet rarely offered, this is a very rare opportunity to cherish, love, restore and potentially extend a truly beautiful historic home,” the listing on realestate.com.au said.
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Originally published as A 133-year-old ‘untouched’ Brisbane house sold for millions
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