Lyndhurst, Glebe finds $7 million plus buyer

Lyndhurst, Glebe finds $7 million plus buyer
Lyndhurst, Glebe finds $7 million plus buyer

A Glebe property with a fascinatingly disturbing past went to weekend auction without initial success.

However the 1833 Georgian Regency villa, Lyndhurst in Glebe which had $7 million plus hopes sold soon afterwards.

It was the home designed by esteemed architect John Verge as a marine villa for the colonial surgeon James Bowman, the husband of the iconic pastoralist John Macarthur's daughter, Mary. 

Lyndhurst colourful history saw it briefly as the headquarters of an Australian neo-Nazi party in the late 1960s.

Regarded as one of the inner Sydney’s most historically significant homes, it last sold at $3.3 million in 2005 to stockbroker Tim Eustace and his partner Salvatore Panui.

Eustace and Panui are bound for Darlinghurst, where they bought another historic inner city landmark, Iona, for $16 million from entertainment industry couple Baz Luhrmann and Catherine Martin.

The top result under the auction hammer of the weekend was in Strathfield, in Sydney's inner west where Dr Vipin Goyal sold his seven-bedroom home for $6.83 million through Devine Real Estate.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

Tags: 
Trophy Sale Residential Market

Comments

Be the first one to comment on this article
What would you like to say about this project?