A her­itage clas­sic hits the mar­ket

The Courier-Mail - Property - - REALESTATE MARKET WRAP - ALEX TIL­BURY

STUN­NING Spring Hill her­itage property Lokarl­ton is making a re­newed push on the mar­ket.

Con­sid­ered one of Brisbane’s old­est homes, the last time Lokarl­ton changed hands, in early 2008, it fetched a $4.2 mil­lion price tag.

But given the re­cent surge in in­ner-city de­mand and growth, buy­ers should ex­pect to pay more than that for the stun­ning res­i­dence.

Built in 1876, just a year af­ter Brisbane Girls’ Gram­mar School was set up, it’s one of the few pres­tige homes that still re­tain their orig­i­nal char­ac­ter, said McGrath Es­tate Agents New Farm agent Sher­rie Storor.

“This property has a spe­cial sig­nif­i­cance for Brisbane. We don’t of­ten cel­e­brate homes like this in Brisbane, but we should. This one has been mag­nif­i­cently re­stored and main­tained.”

Lo­cated at 173 Gre­gory Ter­race, 1km from the CBD, the property was catching the eye of cashed-up par­ents – given it was just up the road from both Brisbane Gram­mar School, Brisbane Girls Gram­mar School and St Josephs Gre­gory Ter­race.

The own­ers have even put in a turntable so you can ro­tate your car 360 de­grees and solve any park­ing dilem­mas.

Mean­while, Da­mon Warat, the su­per agent from Ray White As­cot, has been busy.

Ac­cord­ing to CoreLogic RP Data he’s just sold 48 Ben­ni­son St, As­cot for $2,372,000 for its own­ers of 20 years Jeanette and Tony Mi­cal­izzi. The beau­ti­ful five-bed­room home fea­tured on the cover in Oc­to­ber.

Last week­end auc­tion­eer Phillip Parker called an auc­tion at 171 Kent Road, Wooloowin. There were seven reg­is­tered bid­ders for the ren­o­vated fam­ily home. At least 100 peo­ple turned out for the auc­tion which started at $600,000 and fin­ished at $862,500.

And thanks so much to auc­tion­eer Ja­son An­drew for kick­ing off our Q&A ses­sions on the couri­ermail.com.au this week. Our read­ers asked him ev­ery­thing from how much an auc­tion­eer gets paid ($300 to $1000) to his top tips for buy­ing. He is a very big fan of Chapel Hill, In­dooroop­illy and Taringa.

Sher­rie Storor agent of McGrath Es­tate Agents New Farm at the pres­ti­gious ad­dress 173 Gre­gory Ter­race, Spring Hill. And be­low, a crowd of 100 turned out to see 107 Kent Rd, Wooloowin sell un­der the ham­mer last week­end.

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