Colonial Kippilaw near Goulburn sells for $4.2 million in pioneering online auction
Kippilaw, the colonial Breadalbane homestead, has been sold for $4.2 million via online auction.
The online Meares & Associates offering, where bids where to be placed between March 10 and March 12, sold to bidder 10 when offers closed this afternoon.
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The opening online bid was at $3.75 million, with a $4 million vendor bid placed for the trophy holding with a restored homestead - a two-storey, six-bedroom stone house comprising four separate wings with a central courtyard.
Its history stretches back 180 years to when James Chisholm and his wife, Elizabeth, moved to the NSW southern tablelands district, taking up a grant of 1,280 acres (518 hectares) given to her as a marriage portion from Governor Ralph Darling , a custom begun by Governor Lachlan Macquarie for settlers on their marriage.
Elizabeth named their 1837 Georgian residence after her birthplace in Scotland, Kippilaw, near Melrose Abbey.
Its meaning comes from "Kippi" which is Pictish for "little", and "law",which is Saxon for "hill".
The restored house comes with views of the Wollondilly River and gardens in the Italian manner.
Agent Chris Meares also oversaw the last sale when in 1997 Janet and Graham Webb sold the farm to businessman Robert Rich and his late wife Helen in 1997 for about $2.6 million.
Kippilaw is a viable working farm with 400 acres (about 160 hectares) of quality breeding and fattening country, which have been well fertilised and pasture improved over the years. It grazes and fattens 160 cattle on the pastured acres, supplemented by winter grazing crops.
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The Kippilaw gardens comes with oak trees line as old as the house that line the driveway.
The gardens comes with tennis court and nearby in-ground swimming pool with small pool house.
There's the sunken garden built by one of the Chisholm boys during WWI and the historic rose garden, supplemented by carpets of daffodils, jonquils, iris, peonies and roses with a spectacular wisteria and rose archway.
The Meares agency sale improves its online success to date with auctionsworkonline, with now the sale of two of its past seven listings. Last December it secured the $2.25 million sale of 3370 Sturt Highway, Wagga Wagga, a flood irrigation/grazing holding called, Kabinga.