Elevated Red Hill house sold for $1.541 million

A five bedroom elevated Red Hill house has been sold for $1.541 million making it Canberra's most expensive weekend auction sale.

Located at 26 Fishburn Street, the property that overlooks a treetop landscape had last sold at $1.38 million in 2015.

The 1960s home, with 1990s renovation, was marketed with additional potential for redevelopment or renovation.

Its five bedrooms all have ensuite and built-in wardrobes.

There is also a study amid its 240 sqm space on its 1248 sq m holding.

Recent upgrades include new Colorbond roofing and gutters, carpets and fresh paintwork.

The property was offered through Peter Blackshaw Real Estate agents Andrew Chamberlain and Alec Brown.