THIS extravagant estate is like something out of a BBC costume drama, with its symmetrical topiary, sweeping staircases and ostentatious decor. So how on earth did it sell for the price of some small Sydney houses? SEE INSIDE THE AMAZING HOME.
ONE of Brisbane’s most extravagant estates has sold for just shy of $4 million to a wealthy Sydney entrepreneur — setting a new benchmark for luxury acreage in the city’s southern greenbelt.
Selling agent Sarah Hackett of Place Estate Agents would not reveal the exact sale price of the Georgian-inspired seven-bedroom, six-bathroom mansion in Chandler, but said it marked a new record for the area.
But it’s a far cry from the original asking price for the property at 652 London Road, which was last listed for offers over $5 million in 2017.
Mrs Hackett said it was a “last minute sprint to the finish line”, with the home attracting three written offers, but a three-week settlement and unconditional offer sealed the deal.
She said the buyer had sold his home in Sydney and was relocating to Brisbane.
“I’m probably dealing with at least two families a week from Sydney or Melbourne and the expat market this time of year is really strong too,” Mrs Hackett said.
The previous record for a home sale in Chandler was $3.75 million, and in Gumdale, it is $3.1 million.
Owner, Christine Spencer, said the buyer of 652 London Road was from Sydney and would be relocating to Brisbane to live in the home permanently.
Mrs Spencer said the sale was “wonderful news” after having the home on the market since January last year.
“Finally, someone has bought the home!” Mrs Spencer said.
“It’s a unique property; it just needed the right person and someone who had the finances.”
Mrs Spencer said there had been plenty of interest in the property, but a number of contracts had fallen through because the potential buyers could not secure finance.
She and her husband, Craig, built the home 20 years ago, drawing on inspiration from their global travels.
Records show they bought the 1ha block of land for just $257,000 in 1996.
The couple is behind the Carter and Spencer Group — a family-owned fresh fruit and vegetable company.
“It was, and still is, one of the most outstanding homes for that area, and it’s certainly stood the test of time,” Mrs Spencer said.
“It will be very sad to move.”
The Spencers are downsizing to Kangaroo Point, where they bought a smaller, Georgian-style heritage home.
Chandler, about 18km south of the CBD, is now Brisbane’s third most expensive suburb, with a median house price of $1.59 million.
The property’s former listing agent, Tyson Clarke of Queensland Sotheby’s International Realty, said the home was widely known as one of the most prestigious properties in the Chandler area.
“There’s maybe half a dozen top end homes that stand out as what you might call the best of the best in the area,” Mr Clarke said.
“This is kind of the first one of those to come to the market.”
Mr Clarke said he received interest from all over Australia and internationally when he was marketing the property.
He said interstate and international buyers were increasingly joining with local families to live in Brisbane’s acreage estates just 20 minutes from the city, given the value for money the big blocks represented.
With a 901sq m interior — four and a half times larger than the average new home — the home is filled with ornate and luxurious touches, including marble staircases, wrought-iron banisters and chandeliers.
Entry to the sprawling estate is via a manicured, hedge-lined driveway with a tiered fountain and baroque statues that lead to a grand porte-cochere.
Stepping inside a gallery, there’s an open plan lounge and formal dining space, with a grand staircase leading to the upper floor.
The western wing of the ground level has a family room, casual dining area and kitchen with European appliances, a walk-in pantry, cold room and custom built wine cellar.
A six-seat home theatre, dance room, home office, games room, laundry, guest room and gymnasium complete the lower level, which leads out on to the terraces, courtyards, patios and alfresco entertaining areas.
Upstairs, there is a family retreat, four bedrooms, a guest room, two bathrooms and a master suite featuring an enormous walk-through robe, ensuite with bath and dual basin vanity, and access to two separate Juliet balconies.
Outside, there is a 20m lap pool flanked by manicured lawns and paved sunbathing areas and a large pond.
Mrs Spencer personally chose many of the key features, flying to Prague to pick out the chandeliers and visiting Bangkok to select the fountain and statues to line the driveway.
Italian marble has been used throughout the home, with many of the walls treated by hand. The stunning claw foot bath is also a favourite piece, and is overlooked by two Venetian mirrors.
Originally published as Bargain mansion’s $1m discount
Smart buys: Brisbane’s best properties under $800,000 for sale right now
Here’s our pick of the best buys in Brisbane and some of its surrounds at the moment — and they’re all under $800,000.
34 Ivy Street, Toowong
With tongue-and-groove floorboards, a cast-iron fireplace begging for love, a sunroom, and a prime position on 405 square metres, this three-bedroom original workers’ cottage is bound to catch eyes of inner-west renovators. No price has been set yet but agent Alex Jordan says as a vacant block on land it would achieve over $600,000.
McGrath, Alex Jordan 0410 424 749
81 Payne Road, The Gap
The rear of this multi-tone brick house surprises. There’s a single-garage-cum-workshop or home office between the double carport and an elevated timber sundeck, and there’s also a pool. It is fully fenced on a 625-square-metre block, and has three bedrooms with a further small room inside that could become a fourth bedroom or study.
Harcourts, Stephen Dangerfield 0412 145 802
48 Bringelly Street, Arana Hills
From its white picket fence to its flat sandpit-friendly backyard, the DNA of this three-bedroom, one-bathroom house is pure family. Set on a flat 607-square-metre block about 20 metres from the local bus stop, Grovely State School is 900 metres away and Arana Hills Plaza, restaurants and cafes are at the end of the street.
Coronis, Jo Dryden 07 3351 5151
19 Allamanda Crescent, Albany Creek
This substantial four-bedroom, double-storey house sits on a 1250-square-metre landscaped block. It has ample room for its pool and double garage, and there is a massive covered entertaining area and both casual and formal living and eating rooms. Two state high schools are located within 2.4 kilometres of the front door.
Style Real Estate, Claire Little 0422 755 171
40 O’Quinn Street, Nudgee Beach
This 54-year-old updated beauty on a double block opposite the beach offers three bedrooms, three bathrooms and 1000 square metres of land. Open-plan living and dining space, plenty of natural light, timber floors, and a second living area with clever built-in bench seating and storage are boons. The rear has a storage shed, two garden sheds and a single garage.
Calio & Scott Real Estate, Carl Calio 0416 145 288
6 Chase Crescent, North Lakes
Worth a look if a first-time home buyer, or investor watching budget-friendly growth areas, this super neat, modern three-bedroom, two-bathroom house also has a double garage. It is set on a low-maintenance and landscaped 486-square-metre block. It also has decent-sized, open-plan living and media rooms.
Hudson Property, Viv Robinson 0407 918 184
50 Windsor Place, Deception Bay
This two-bedroom, one-bathroom cottage on a 397-square-metre corner block has serious update or rebuild potential. Set three blocks west of Moreton Bay and one block to the suburban public primary school, it is liveable as a home or easily rentable with a modern kitchen and fenced backyard. It has a separate sunroom and a single carport.
Ray White, Lydia Robins 0438 166 763
441 Beenleigh Road, Sunnybank
This renovated, four-bedroom, one-bathroom house has parking space for two cars on a 708-square-metre block. The floor plan is open between living, dining and kitchen areas and the metro rail station is about 400 metres away. Its reserve price is unknown as required by Queensland auction laws, but it was found in a search for homes under $800,000.
Auction, June 29, 12.30pm
RE/MAX, Gary Dellios 0411 879 935
4 Parliament Street, Bethania
The federal election is done for 2019, but here is another way to get into Parliament. With three bedrooms and one bathroom, this brick-and-tile house also has a double carport and a double garage. On a flat 758-square-metre block, the back section is contained making for a fine play zone. Neutral timber-look flooring in the kitchen-meals area balances the retro swirl carpet in the living-dining.
LJ Hooker, Trina Wilson 0427 188 500
Cbus Property Plans $600m North Quay Tower
Cbus Property will partner with local Brisbane developer Nielson Properties to deliver a $600 million riverfront commercial building in the city’s CBD.
The 3,000sq m corner site, an amalgamation of 205 North Quay and neighbouring 30 Herschel Street, will now house the city’s latest A-grade commercial building.
The office development, to be known as 205 North Quay, will deliver 50,000sq m of net lettable area.
Cbus Property chief executive Adrian Pozzo said the site was ideal as it takes advantage of Brisbane’s strong economic outlook, employment growth and the state government’s infrastructure investment.
“205 North Quay is a major riverfront CBD site, ideally located to capitalise on the major infrastructure projects nearby such as the recently announced Roma Street Station, Brisbane Metro, Cross River Rail and Brisbane Live,” Pozzo said.
“Queensland’s economic growth also anticipated to continue to outperform the Australian average.”
“We will look to build on these strong economic foundations and our past success with 1 William Street, to deliver a premium and future-focused commercial tower for Brisbane’s CBD in collaboration with our partner, Nielson Properties.”
No stranger to Brisbane CBD’s commercial market, the project follows Cbus Property’s 46-storey “tower of power” at 1 William Street, home to the Queensland government.
The 205 North Quay development will add to the continued regeneration of the burgeoning North Quarter precinct, which will also include Mirvac’s 80 Ann Street tower to be tenanted by Suncorp, Shayher Group’s 300 George Street project and the recently completed W Hotel on George Street.
The development will also be located in Brisbane’s prime commercial district, capitalising on the major infrastructure projects nearby such as the recently announced Roma Street Station, Brisbane Metro, Cross River Rail and Brisbane Live.
“As a local Brisbane developer, we’re excited to be a part of the evolution of the North Quarter as it becomes a vibrant hub bolstered by outstanding connectivity to Brisbane’s CBD and premium infrastructure and amenity,” Nielson Properties director Ross Nielson said.
Cbus and Nielson have commenced preliminary discussions with the Brisbane City Council.
Last week, Brisbane-based Sentinel Property Group snatched up Makerston House, a neighbouring commercial property in Brisbane’s North Quarter precinct from investment management company Challenger for $103 million.
Further along the CBD riverfront, work has also commenced at the $3.6 billion Queens Wharf developed by the Destination Brisbane Consortium, a joint venture led by casino giant Star Entertainment Group, Far East Consortium and Chow Tai Fook Enterprises.
Work is also under way on Brisbane’s newest riverside public space, with the area between the Goodwill Bridge and 1 William Street to be developed into an above-water pedestrian walkway and recreational area called Waterline Park.
‘Why not Hendra?’ The luxury house that is poised to set a new benchmark for this Brisbane suburb
A prestigious new property in Hendra is tipped to break records when it goes under the hammer in a couple of weeks, setting a new benchmark for luxury in the area.
The five-bedroom, four-bathroom house may be located on General Street, but its myriad of bells and whistles means it’s anything but.
With a plethora of top-line features, including travertine tiles, state-of-the-art fixtures and a mosaic-tiled swimming pool, it includes a climate-controlled wine cellar as well as bespoke cabinetry throughout.
Marketing agent Patrick McKinnon of Place Ascot said the house was part of an emerging trend in the suburb towards luxury new builds. The developers behind the home, Innovare Builders, were quickly transforming the standard of Hendra homes project by project, he said.
“They’ve really lifted the benchmark for what’s expected in Hendra and set the tone for the quality that people look for here,” he said.
“This house should a set a record for the area for 405-square-metre non-racecourse property. The records are around the $1 millions and I think this is better than anything else comparable on the market right now.”
While perhaps not as well-known as its prestigious neighbouring suburbs of Ascot and Hamilton, Hendra’s gentrification is well underway, partly due to the redevelopment of Eagle Farm Racecourse.
The 379-square-metre statement home is within an easy canter of the racecourse as well as many cafe precincts.
Orazio D’Arro of Innovare Builders said Hendra’s multitude of attributes made the decision to develop there simple.
“In a nutshell, why not Hendra?” he said.
“We first chose Hendra because it is a gentrified living suburb with wide, tree-lined streets full of traditional and modern character houses and dotted by cafes, boutiques, other community businesses and gorgeous local parklands.”
Mr D’Arro said the design inspiration was Hamptons exterior meets modern European interior.
“Modern life requires thoughtful use of space and automation as well as comfort and this was at the forefront of each and every design and inclusion decision,” he said.
Located within easy commute of the Brisbane Airport as well motorways north and south, the home can be controlled from anywhere in the world via state-of-the-art automation and electrical integration.
“Part of a busy modern family’s lifestyle demands convenience – even while travelling – and the electronic aids offered up here deliver convenience in spades,” Mr D’Arro said.
Other features of the home include a rear patio designed for al fresco dining and summer barbecues, with a built-in, custom outdoor kitchen that features a barbecue and beverage centre.
The home also boasts an in-ground swimming pool lined with mosaic tiling and a manicured, drought-resistant lawn with landscaped gardens.
The property is located at 6 General Street, Hendra, and will go to auction on Saturday, June 22.
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