This Queenslander Hits Market For +$1m More Than It Sold For In June
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This Queenslander Hits Market For +$1m More Than It Sold For In June

The stylish residence features a wraparound terrace, an outdoor kitchen and a pool.

By V. L Hendrickson
Thu, Jan 27, 2022 11:44amGrey Clock 2 min

Known as Trevallyn, the five-bedroom residence in Chelmer was built in 1905 in the Queenslander style and features a corrugated iron roof and a wraparound veranda, hallmarks of the style, and has been “skillfully restored,” listing agent Tyson Clarke of Queensland Sotheby’s International Realty said in an email.

The home is located on “one of the area’s most prestigious streets with a lot of recent big sales,” Mr. Clarke said.

“The owner’s price expectation is around [$5.5 million], however the market is already dictating it will likely be higher than that,” he said. “We are seeing sales circa 10% higher at the moment, so anywhere between that and possibly toward the $6 million mark.”

It last traded in June 2021 for $3.9 million, according to property records. If it sells for $6 million, it would be a 35% price jump in less than a year. The home is registered to a limited liability company, and Mansion Global could not determine who is behind the company. 

The residence “has been fully renovated by one of Brisbane’s top architects, Joe Adsett, to be a completely modern prestige home while maintaining all the historical aspects and charm of the original,” Mr. Clarke said.

Period details include the hardwood floors, tongue-and-groove walls and tall ceilings, according to the listing. The front door is also original to the residence.

The open-floor plan includes a living and dining area and an updated kitchen with a butler’s pantry, island and Smeg appliances, with Calacatta marble throughout, according to the listing. It opens to the covered veranda, which has an outdoor kitchen and overlooks the lawn and 10-metre lap pool.

The main bedroom features a custom dressing room and an en-suite bathroom with Italian tiles and a brass bathtub imported from the U.K.

There’s also a library office with a wall of bookshelves and a ladder, a wine cellar and a lower level with a bedroom, bathroom and a kitchenette. Plus there’s covered parking for up to four cars.



MOST POPULAR
11 ACRES ROAD, KELLYVILLE, NSW

This stylish family home combines a classic palette and finishes with a flexible floorplan

35 North Street Windsor

Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.

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Owning a Home in an LGBTQ-Friendly Area Comes With a Hefty Price Premium
By LIZ LUCKING
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The cost of owning a home in an LGBTQ-friendly area in the U.S. comes with a hefty price premium of almost 50%, according to a report Wednesday from Redfin.

In a metropolitan area with state laws protecting LGBTQ people from housing discrimination, a home buyer needs to earn an annual income of $150,364 to afford a median priced home. That’s 46.8% more than the $102,435 buyers need to earn to afford a home in places without such protections, the online property portal said.

For the purposes of their report, a metro is considered to have protections if the state it’s located in prohibits housing discrimination based on sexual orientation and/or gender identity, Redfin explained. In the case of metro areas which span multiple states, Redfin considered the metro to have protections if at least one of the states it’s located in prohibits such discrimination.

“LGBTQ+ Americans face disproportionately large barriers to homeownership,” said Redfin senior economist Elijah de la Campa in the report. “On top of paying a premium to live somewhere that feels safe, many LGBTQ+ house hunters are earning less than the typical U.S. worker, and face discrimination while shopping for homes despite laws that prohibit it.”

The locales where individuals identifying as LGBTQ make up the largest share of the adult population are also those where housing is the least affordable, the report found.

In San Francisco, where 6.7% of the adult population identifies as LGBTQ—the highest share of any of the 54 metropolitan areas Redfin analyzed—only 5.1% of listings last year were affordable based on the median local income, one of the lowest shares in the country.

In Portland, Oregon, which had the second highest share of LGBTQ adults at 6%, only 6.7% of homes for sale were affordable; in Austin, Texas, where 5.9% of the adult population identifies as LGBTQ, 2.9% of listings were affordable.

And in Seattle and Los Angeles, where LGBTQ adults make up 5.2% and 5.1% of the population, 4.8% and 1.9% of homes for sale were affordable, respectively.

All but one of those top LGBTQ metros—Austin—has state-level protections, the report said.

MOST POPULAR
11 ACRES ROAD, KELLYVILLE, NSW

This stylish family home combines a classic palette and finishes with a flexible floorplan

35 North Street Windsor

Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.

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