Vendors of former maids’ quarters clean up at Cheltenham auction
A historic workers’ cottage bought for a handful of pounds 130 years ago yesterday sold for a seven-figure price.
The Victorian terrace at 17 Glebe Ave sold under the hammer for $1.485 million after competitive bidding at auction.
That’s a significant price bump since it was originally sold in 1888 with a five pound deposit.
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Buyer Anthony Jelleff said he was thrilled to secure the four-bedroom house, named Clonard, where he planned to live with his family.
“We loved the way it has been renovated to a certain style and the location,” Mr Jelleff said.
“We’re from Cheltenham so this is in the perfect spot for us and it ends a three month search.”
A buyer’s advocate and three families pushed the price $135,000 above reserve across 32 bids at the indoor auction.
Hodges Sandringham director Angus Graham said the elegant home was popular because it was a rare find in Cheltenham.
“A buyer’s advocate told me he didn’t realise this type of house existed in Cheltenham and he compared it to terraces in Albert Park and Middle Park,” Mr Graham said.
“It’s one of the few streets in the suburb that has these period homes.”
The Victorian house was fully renovated by vendor Naomi Adams, who still had original adverts from when the allotment was carved off from the Glebe Estate.
“I understand the property was at one point owned by a consulate general, who used it as living quarters for his maids,” Ms Adams said.
“He lived on the street at No. 5, which is still very grand with wide staircases and 150 year old pine trees in the backyard.”
She transformed the humble abode into a modern family pad during her 20 years living at the property by renovating downstairs and adding a second storey.
“The only change we made to the facade was the colours, but we continued the heritage theme downstairs while making it modern and spacious,” Ms Adams said.
All the hard work appears to have paid off, with CoreLogic data showing she purchased the property for just $220,000 in 1996.
SUBURB PROFILE: Cheltenham
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