Place sells contemporary Clayfield Californian Bungalow for over $5m

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May 14, 2021

Place sells contemporary Clayfield Californian Bungalow for over $5m

Sold by Drew Davies of Place Ascot, who told WILLIAMS MEDIA, “Demand is still outstripping supply especially when it comes to higher end properties."

Place Ascot
Place Ascot
Place Ascot
Place
Place Ascot

This Clayfield Californian Bungalow with contemporary extension has been sold by Drew Davies of Place Ascot for $5,075,000.

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Source: Place Ascot

Positioned on a leafy corner allotment 6km from Brisbane's CBD, the dual level home has been designed to capture north-east aspect and views from upstairs.

The extension by renowned architect Tim Stewart blends old with new and creates versatile light-filled spaces which present options for living and entertaining year-round.

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Source: Place Ascot

Drew Davies told WILLIAMS MEDIA the home received a significant amount of enquiry throughout the 40-day campaign, with 8 open homes and 15 private inspections. Two virtual inspections were requested from overseas buyers who had seen the video on social media.

“The Californian Bungalow style is highly prized among both local and southern state buyers for its character and relatively low maintenance in comparison to other homes of the era,” Drew explained to WILLIAMS MEDIA.

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Source: Place Ascot

“Not only a larger block at 1,215sqm (approx.), it sits in a prized position on Enderley Rd, arguably Clayfield’s best street; elevated and tree lined featuring many substantial homes that rarely turnover. In addition to this, it had previously undergone a stunning Tim Stewart renovation which added a wealth of light-filled indoor and outdoor entertaining spaces.”

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Source: Place Ascot

The Brisbane market continues to be strong, driven by a shortage of supply.

“Demand is still outstripping supply especially when it comes to higher end properties or vacant land/knockdowns. I’m also seeing confidence returning to the luxury apartment market with an increase in demand from local buyers,” Drew told WILLIAMS MEDIA.

“If I were to generalise I would say local upsizers with growing families and interstate families relocating for work and lifestyle make up a large portion of the luxury buyer market in these suburbs.”