New home on tiny Teneriffe block sells for $1.925m

New home on tiny Teneriffe block sells for $1.925m

A new home built on a tiny 215sq m block has sold for $1.925m in a new Brisbane trend.

Sold off the plan and located in Small Street, Teneriffe – a suburb that was recently dethroned as Brisbane’s most expensive place to live – the house was designed by architect Joe Adsett and built by Graya Construction with Frank Developments.

Real estate agent Josh Brown, who marketed the property with colleague Ruby Kiriyama of Ray White New Farm, said the price came off “clever design and premium location”.

“We’ve seen an increasing trend towards buyers purchasing quality architectural homes off the plan in inner city suburbs,” he said.

MORE: Rare $250,000 houses hit market

Queenslander borrowed, still true blue

Costly fallout of V8 star’s split from wife

“It can be difficult to navigate and in my experience only works when there are reputable brands involved, as buyers are familiar with what they are buying which ultimately removes uncertainty and allows the buyers to have their own personalised dream home.”

Builder Rob Gray of Graya Construction expected much more this year.

“We really wanted to push the boundaries with this unique small block project and showcase the creative talent of these architects and of course, the Graya team,” he said in a statement.

“It was all about redesigning the way people look at million dollar properties – not only does Small Street have a luxurious feel, but it has a functional and practical design for the lot size.

“This is just the beginning for 2019 and with so many announcements to come, we’re gearing up for a huge year.”


Source link