Mortgage industry executive Andrew Hall buys Pegasus, Palm Beach

Leading mortgage industry executive Andrew Hall and wife Bridget have emerged as the $6.55 million buyers of Pegasus, a Palm Beach headland house.

It was passed in on a $6.2 million vendor bid mid-year.

Located at Rock Bath Road, Pegasus last traded in the 1970s when bought by the now retired law professor Jane Swanton.

Swanton was the first female graduate of the law school to be appointed to the lecturing staff of Sydney University.

With two storeys, it offers four to five bedrooms and two bathrooms in its original condition.

It has a northern aspect with views across Palm Beach from its 1144 sqm block.

It last sold in 1977 by the veteran real estate agent Reg Window for $86,000.

The property, which only has on-street parking available, was offered through LJ Hooker agents David Edwards and Peter Robinson.

"Subject to council approval, there is scope and possibility to construct driveway access and then fully realise the potential of the site," their marketing suggested.

The Roseville-based Hall is the former chief executive officer of Advantedge Financial Services which had $135 million in mortgages under management.

He's also been in senior executive roles at Challenger Mortgage Management, Zurich Capital Markets, Macquarie Bank and Bankers Trust.