Designer Collingwood townhouse soars above price guide

The warehouse originally built in the 1950s was converted into residences in 2001.
Designer Collingwood townhouse soars above price guide
Jonathan ChancellorJuly 4, 2021

A city edge townhouse sanctuary in Collingwood fetched $2,255,000 at recent weekend auction, significantly above its price guide.

The 10 Little Oxford St offering was in a warehouse originally built in the 1950s and converted into residences in 2001.

Property developer John Wark and lawyer Katarina Palmgren bought the home 13 years ago and undertook its refurbishment in 2018.

It last traded in 2008 at $520,000.

The update was done by Robert Nichol & Sons Architects.

Simon Shrimpton at Jellis Craig had given a $1,850,000 to $2 million price guide with it featured on The Design Files web site.

It was marketed as having "luxurious designer spaces of a high-calibre warehouse residence."

The extensive light-filled space came with high-class features and views in a convenient position near Smith and Gertrude Streets’ dining, cafés, shops and trams.

Smith Street, the edgy Collingwood strip, was recently named the coolest street in the world.

The recent comparables advised by Jellis Craig included a Kerstin Thompson-designed townhouse at 93 Little George Street, Fitzroy sold at $2,005,000.

There had also been Station Mews, at 117 Station Street, Carlton at $2,065,000.

 The agents cited the sale at 6/120 Queens Parade, Fitzroy North at $1.8 million, in the former 1930s Selotta Shoes Factory townhouse conversion.

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.

Editor's Picks

Capri prepares to welcome residents to resort-style villa community on Isle of Capri
Buyers take advantage of WA stamp duty concessions as Incontro Subiaco apartments near 50% sold
Gold Coast buyers starting to think longer-term: Five minutes with SRQ Projects Director Nick Clydsdale
A "passion project" not to be repeated: Inside DJ Fisher's Pescado Palm Beach with Jayde Pezet
Why Danby Lane in Nundah is more than just a project for Gardner Vaughan Group: Five minutes with Sam Gardner