Brisbane cottage sells for $2m, one of the city’s most expensive

first_img42 Mollison Street South Brisbane. Picture: Realestate.com.au 29 Daventry Street West End Qld 4101. Picture: Realestate.com.auThe price fetched was something more commonly seen in inner Sydney, where the most recent cottage sale was that of 5 Darley Place, Darlinghurst for $2.75m on Saturday. 29 Daventry Street West End Qld 4101. Picture: Realestate.com.auReal estate agent George Balandinos of Drakos Real Estate – West End said the strong response was linked to the fact that the property at 29 Daventry Street spanned two blocks covering 1038sq m.More from newsMould, age, not enough to stop 17 bidders fighting for this home2 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor8 hours ago“Once you start talking about blocks like these ones it’s the top end of the buyer pyramid,” he said. 29 Daventry Street West End Qld 4101. Picture: Realestate.com.au“It’s a unique property 1038sq m. It was actually on two titles which lent itself to many options for the purchaser who could live in the house and subdivide up to 500sq m off. “A block of (subdivided) land on a quiet street like that is worth a lot and 500sq m is a big block in West End. In Sydney you’d probably get. 200sq m in that neighbourhood.”center_img 5 Darley Place, Darlinghurst NSW. Picture: Realestate.com.auWest End and South Brisbane cottages have been a prime target of developers and high end buyers in recent years, including 42 Mollison Street – sandwiched between two unit blocks – that sold for $1.4m in November 2015. Among other million-dollar cottage sales in Brisbane was a New Farm worker’s cottage at 227 Kent Street selling for $1.6m three months ago. 29 Daventry Street West End Qld 4101. Picture: Realestate.com.auA BRISBANE cottage on the market for the first time in 30 years has sold for a whopping $2.03 million – making it one of the city’s most expensive.The character home saw strong interest with 50 groups through in the lead up to Saturday’s auction, where it drew seven registered bidders and went on to become Brisbane’s top sale of the week.last_img

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