A rare 1930s Spanish mission architectural masterpiece in Clayfield, which was sold for $2.8 million, became the highlight of what would have otherwise been a quiet auction week in Brisbane.
The auction week ending 6 July 2019 saw only 36 properties put out on the market but nevertheless a high clearance rate of 33 percent was registered, as well as some impressive results including the historic home at 117 Adelaide Street East in Clayfield which was sold for $2.8 million.
“Highgate” sits on a secluded 1,712sqm north east facing block of land and was tightly held for the past four decades. The stunning residence still has its original features well preserved including the hardwood floors, decorative horse-hair plaster ceilings, working fireplace, and french doors.
Not to mention are the lead lighting, hand cut crystal chandeliers, and antique bronze light fittings which add to the beauty and grandeur of this historic six-bedroom home.
The home also features two and a half bathrooms, an office as well as a separate office/studio with balcony, and overlooking the casual dining and living rooms is an open plan family sized kitchen.
The living areas also include a billiard room and attic/rumpus. The north facing wide verandas overlooks the saltwater swimming pool, pergola, and large level garden and lawn.
After opening at $1 million, bidding quickly jumped into $500,000 increments and reached $2 million, the Domain report said. Proceedings then paused for negotiations upon hitting the $2.7 million mark, resuming twenty minutes later. The Richard Gailey designed home was ultimately sold to a prominent Queensland pastoralist.
Since it was built in the 1930s, only three families had owned Highgate and is only now sold after being held for the past 30 years by its current owner.