Waterfront New Farm property most expensive sale: RP Data
A six-bedroom brick home with a 21.3-metre water frontage in New Farm is this week’s most expensive sale, selling for $5.2 million, according to RP Data.
The property sold at its July 20 auction through Matt Lancashire of Ray White New Farm.
Located at 9 Griffith Street, the 1960s two-storey home (pictured below) features in an indoor swimming pool, an internal lift, library and a media room.
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The 962-square-metre allotment is split into two lots and is zoned medium density, offering the potential for a development.
The successful buyer has the option of demolishing the original home or to move in as is.
Lancashire says the property was purchased by individuals who will more than likely redevelop the site.
The property also includes a private pontoon.
It last sold in July 2002 for $2.5 million, reflecting a 6.85% annual price growth. It also sold in January 2002 for $2.8 million.
The median house price in New Farm is $925,000, a 14.4% decline in five years, according to RP Data.
The week's top 10 most expensive sales:
9 Griffith Street, New Farm, QLD, 4005, six-bedroom house, sold at auction on July 20 by Ray White New Farm for $5.2 million
14 Pacific Avenue, Tamarama, NSW, 2026, four-bedroom house, sold on July 18 by GoodyerDonnelley Real Estate for $3.95 million
11/75 Macleay Street, Potts Point, NSW, 2011, three-bedroom unit, sold on July 16 by Di Jones Real Estate for $3.6 million
1/8 Aston Garden, Bellevue Hill, NSW, 2023, six-bedroom unit, sold on July 17 by Sydney Sotheby’s International Realty for $3.1025 million
501/17a Hickson Road, Dawes Point, NSW, 2000, three-bedroom unit, sold on July 18 by McGrath Estate Agents for $3.05 million
2 Bloomfield Street, South Coogee, NSW, 2034, four-bedroom house, sold on July 17 by Black Lifestyle Property Randwick for $2.9 million.
1 Netherby Avenue, Netherby, SA, 5062, four-bedroom house, sold on July 18 by Harcourts Brock Williams Luxury Property Selection for $2.65 million
113 Seaforth Crescent, Seaforth, NSW, 2092, three-bedroom house, sold on July 17 by Richardson & Wrench Seaforth for $2.4 million
6 Pendey Street, Willoughby, NSW, 2068, five-bedroom house, sold prior to auction on July 20 by McGrath Estate Agents for $2.36 million
45/3 Macquarie Street, Sydney, NSW, 2000, two-bedroom house, sold on July 16 by Ray White Lower North Shore for $2.3 million