Century-old Ascot mansion sells for first time in nearly 50 years
A CENTURY-OLD Ascot mansion that has been in the same family for nearly 50 years has sold for $3.2 million — nearly 70 times what they paid for it.
Named ‘Rooklyn’, the owners of the home at 4 Sutherland Avenue have finally sold the stately residence in one of the suburb’s most prestigious streets after paying just $46,000 for it in 1972.
The property has been on the market for the past three-and-a-half years and was last listed with a $3.5 million price guide.
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Built in 1914, the home on a 943 sqm corner block in the tree-lined avenues of Ascot, is filled with traditional character features.
Selling agent Vaughan Keenan of Grace and Keenan said the beauty of the home was that it had never been “bastardised”.
“It’s one of those rare houses where all the original features are still intact,” Mr Keenan said.
“One of the bathrooms still has the original terrazzo floor.”
Mr Keenan said he had been in negotiations with three potential buyers for months and one of them was the lucky purchaser.
He said they were a family moving from Rockhampton to Brisbane, who planned to renovate the home.
“The Sutherland Avenue address is a big drawcard for people because it’s one of the most expensive streets in Brisbane,” he said.
Mr Keenan said the current owners had raised their four children in the home and were now going to downsize within the area.
The home has five bedrooms and three bathrooms, with the ground floor able to be used as a guest’s retreat, with one bedroom and bathroom.
Traditional features include period shutters, French doors, polished timber floors, bay windows, decorative cornicing, fireplaces and chandeliers.
A metallic spiral staircase linking the two levels of the home is a standout feature.
A Tuscan-inspired patio with an exposed beam ceiling and vine covered walls is the perfect outdoor entertaining area.
Mr Keenan also recently sold a property at 75 Charlton Street in Ascot for $2.81 million.
Ascot has a median house price of $1.5 million, according to CoreLogic.