Asking price drops for Dover Heights art deco trophy home

Asking price drops for Dover Heights art deco trophy home
Jonathan ChancellorMarch 3, 2015

The classic art-deco Dover heights residence of locksmith Jason Carr and Haley Carr now comes with a $4.6 million asking price.

It had been listed for auction with $5 million plus hopes.

The 1937 Kippara Road property was the reportedly the Chinese embassy until World War II. In 1941, it was sold to pawnbroker Neville Grace and his wife Hilda, who resided in the property until her death in 1982.

It last traded in 2001 for $1.69 million.

Around five years ago another level was added by architect Michael Grimshaw very much in keeping with its 1930s origin.

The 955 square metre property with pool has been listed through Sydney Sotheby's International agent Michael Pallier.

It has ocean and Harbour Bridge views.

Title Tattle did the title searches that showed it had been bought by Rose Bay merchant Tsu-Yau Lin in 1937 at £550 selling in 1941 after completion at £3,600.

Records show a vessel, Burwah was sold by Howard Smith Co. Limited, of Melbourne, to Tsu-Yau Lin, of China in 1947, perhaps a clue as to his business interests.

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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