Non-riverfront Bulimba record sold by Place

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Oct 21, 2022

Non-riverfront Bulimba record sold by Place

36 Duke Street Bulimba sold by Sarah Hackett of Place New Farm who told LUXURY LIST WEEKEND, "the prestige market and the value of these iconic properties are holding strong."

Place New Farm
Place New Farm
Place New Farm
Place New Farm

This dual-level Bulimba property with renovation by Shaun Lockyer Architects has been sold by Sarah Hackett of Place New Farm for $6,250,000.

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Source: Place New Farm

Positioned on approximately 1,012sqm just 9 km from Brisbane CBD, the 5-bedroom home was reimagined to complement its beautiful setting 4 years ago, blending a magnificent late 1800's Queenslander with a sophisticated contemporary extension.

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Source: Place New Farm

Speaking to LUXURY LIST WEEKEND, Sarah Hackett said there was significant interest in the magnificent 1800s Queenslander, with 750 inspections and 6 registered bidders on auction day.

“The interest in this property was extensive, primarily attributed to its rich history, blue chip location and Shaun Lockyer’s expertly crafted renovation,” Sarah said.

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Source: Place New Farm

The home offers approximately 719sqm of internal space, featuring a spacious open-plan living and dining area bathed in natural light.

Outside a covered alfresco area with an outdoor fireplace is framed by built-in bench seating. An enviable outdoor kitchen features a built-in barbecue, while an expansive fully-fenced grassed rear yard boasts mature gardens and a glass-framed in-ground swimming pool.

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Source: Place New Farm

Bids for the home opened at $5.25M on the day, with three of the six registered bidders taking part in the auction. Sarah Hackett negotiated a bid increase from $5.9m over the course of an hour to secure a record non-riverfront sale of $6,250,000 by the fall of the hammer.

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Source: Place New Farm

“Results like this are no accident,” Sarah explained to LUXURY LIST WEEKEND. “There is a team and a strategy behind the amount of buyers matched to this property.”

“The price achieved is simply further indication that the prestige market and the value of these iconic properties are holding strong. We are absolutely thrilled for the young family who were the successful bidders on this stunning piece of Bulimba history and wish them all the best.”