A historic 1880’s terrace house that was formerly home to a world-famous explorer sold under the hammer for just under $3 million over the weekend.
The five-bedroom Glebe property in Sydney’s inner-west was made available for the first time in over 35 years after being previously owned by the Antarctic explorer Sir Douglas Mawson.
Marketed and sold by Ray White’s Matthew Carvalho, the Victorian Italianate-style home was a big hit with buyers and had seven bidders competing for it before the hammer came down at an impressive $790,000 over reserve.
“The property was a perfect recipe of history, a tremendous location, and a pulsating property market,” Matthew says.
“Built in 1882 as part of the landmark Palmerston Terrace row, the tri-level home is entrenched in history and was home to celebrated explorer Sir Douglas Mawson and his family in the 1890s,” he describes.
It now belongs to developers who are looking to breath a new lease of life into the property that is in dire need of a full renovation.
“The campaign was incredibly active throughout with around 150 groups inspecting the home and that led to seven of the 15 registered bidders actively competing on the day,” Matthew explains.
“The buyers were a group of developers who plan on renovating it to be a luxury home.”
Despite the property’s run-down condition, stunning original features such as fireplaces and soaring ceilings have been maintained adding to the excitement of what’s next in store for this landmark Sydney residence.
After being built way back in 1882, Sir Mawson and his family lived into the city dwelling during the late 1890’s before he went on historic expeditions to Antarctica in the early 1900’s.
285 Glebe Point Road, Glebe, NSW 2037
Matthew Carvalho – 0404 006 744
Bianca Field – 0437 059 157
Ray White – Surry Hills