Home sold at almost $1m discount

Home sold at almost $1m discount

A Brisbane blue chip home with the best of everything that money can buy has sold at an almost $1m discount.

Designed by M3 Architecture, the massive 500sq m house in the hills of Hamilton is spread across three levels in an L-shaped layout to make the most of jawdropping views of the city skyline and the river.

The owners had bought there in July 1999 for around $1.17m, proceeding to build a new house on the site the following year with a fresh new look using brick, concrete, vast expanses of glass, soaring ceilings, Tasmanian Oak, louvres and sliding doors.

The house has five bedrooms as well as a study, three bathrooms, and a double-car garage.

“Downstairs is a child’s dream, extremely well thought out it will grow with the family,” was how it was listed on realestate.com.au.

“With its large grassy and secure backyard to the spacious games room, inground pool and multiple outdoor areas, its perfect for younger kids right through to teenagers.”

It was marketed as “Hamilton’s finest family home” and listed for tender in April 2017, with a $5.95m price tag put in September that year. That was then dropped to $5.75m in March last year, $5.495m in July before a sale was finally secured for $5m in October 2018.

The result was a massive vendor discount of $950,000 on the original listed price, with the most recent listing stating it was “reduced for immediate sale”.

In June 2017, the land valuation was estimated at $3.1m, according to CoreLogic records.

The home is in the coveted Ascot State School catchment, close to two racecourses and a short walk up the hill from Racecourse Road and all its eateries and shops, as well as the Portside Wharf precinct.

“Hamilton is synonymous with prestige homes and this extraordinary property certainly won’t disappoint. This is a premier residence with a premier address.”


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