Lisa Ho secures $2.9 million Randwick sale

Fashionista Lisa Ho's four bedroom Randwick residence, Silverton - passed in at recent auction at $2,675,000 - has since been sold for about $2.9 million.

It had $3 million plus hopes prior to its auction through McGrath agent Adrian Bo.

The 626 square metre Dutruc Street property was initially listed in 2011 with $4.5 million plus expectations.

Lisa Ho bought the freestanding, circa-1884 Italianate residence in 2010 for $4 million directly from interior designer Ros Palmer who had bought the property in 1985 for $266,000.

RP Data puts the median Randwick house price at $1.43 million, which is down 3.4% over the past year, but up 9.9% over the past five years.

The Dutruc Street sale price is very close to that at 45 Govett Street which sold last week.

It was an 1890s house on a smaller 416 square metre property sold through Alexander Phillips at GoodyerDonnelly for $2,915,000.  It was advertised at $2.5 million plus for the prior three weeks.

The Govett Street property last sold in 1992 at $660,000 and before that at $162,500 in 1979. 

For what Randwick lacks in the sand and surf of its neighbouring rival suburbs, it certainly makes up for it with the bigger family size homes on family size blocks.

Its most recent highest house price was $3.57 million when swim school operators Daniella and Anthony Goodridge bought a three level five bedroom contemporary home with a few period features from its early days.

It sat on an 800 square metre block with mosaic salt water pool (pictured below).

Silverton, Lisa Ho’s four-bedroom freestanding property in Randwick's sought-after northern precinct, was listed in mid-2011 after a strong sale on the same street. 

Earlswood, the 1890s residence on 792 square metres, had sold in September 2010 at $4.3 million. The imposing Victorian boom-era house was built for the commissioner for stamp duty, Richard Johnson.

Its grandeur included original ceilings by decorator Augusto Lorenzini along with decorative stained glass windows. Lorenzini, born in Rome in 1852, arrived in Australia in 1883 after working in London and Paris as a decorative artist. His works included the reliefs on the Pitt Street facade of the GPO.

Earlswood's restoration was undertaken by the Leal family after they paid $780,000 in 1991. They sold it in 1991 for $1.6 million.