27 Sutton St at Chelmer has the full suite of luxury resort-style amenities
A RIVERFRONT mansion at Chelmer has sold for $4.83 million (click here)– just one day after being passed in at auction.
It is the second highest sales price achieved in the prestige suburb this year, with 127 Laurel Avenue selling for $5 million in February, according to CoreLogic.
The sale has also landed the house in the top 10 Brisbane residential sales so far this year, with 27 Sutton St taking tenth position, knocking out 32 Teneriffe Drive at Teneriffe ($4.405mn).
The 27 Sutton St, Chelmer, property was inspired by the owners’ holiday memories.
Jason Adcock of Adcock Prestige, who sold both Chelmer properties, said there were 2 registered bidders for the November 3 auction at 27 Sutton St, with bidding starting at $2.5 million and then stalling at $4.5 million.
“The new owner saw the house for the first time on the Friday (November 2) and was the highest registered bidder on the day,” he said.
“Negotiations continued after the auction and the property was sold Sunday morning.”
The luxury residence was featured on the cover of the October 27 edition of Courier Mail Realestate, and the story was seen online by the new owner.
ORIGINAL STORY: Inspired by holiday memories(click here)
Mr Adcock said the buyer was drawn to the property due to its 34m absolute river frontage, tennis court, resort-style pool and studio kabana/guesthouse overlooking the river.
Vendors Brian and Jane Riggall before the auction. The couple are downsizing.
“They liked the fact it felt like a five-star resort in Phuket or Bali,” he said.
“They have a family-owned company in PNG and children at university in Brisbane so wanted a Brisbane base.”
Mr Adcock said the other main player on auction day was a buyer who had relocated from Perth to Brisbane.
Overall, he said the prestige market continued to fire in Brisbane.
“There is a lot of activity in the prestige market and a lot of that is being driven by interstate and overseas buyers, and expats coming back home,” he said.
“There is also strong interest from locals upgrading … I have a tonne of properties coming on to the market, with auctions scheduled right up until December 22.”
TOP 10 BRISBANE RESIDENTIAL SALES OF 2018
1. 110 Virginia Ave, Hawthorne $11.128m
2. 27 Sutherland Ave, Ascot $11m
3. 33 Moray St, New Farm $11.3m
4. 33 Maxwell St, New Farm $8.5m
5. 150 Adelaide Street East, Clayfield $7m
6. 30 Windermere Rd, Hamilton $5.95m
7. 17 Ningana St, Fig Tree Pocket $5.1m
8. Welwyn Cres, Coorparoo $5.025m
9. 127 Laurel Ave, Chelmer $5m
10. 27 Sutton St, Chelmer $4.83 million