38 Eldernell Terrace, Hamilton, sold for more than $6m, the latest in a spare of multi-million dollar sales in Brisbane.
A run of multi-million dollar property sales in Brisbane continued this week with Blanco in Hamilton Hill being snapped up for more than $6 million.
Three-storey Blanco is the family home of Brayden Larkin, the owner of respected architectural firm Zephyr Industries and was sold by Ray White New Farm and Bulimba agent Matt Lancashire.
Blanco is the family home of Brayden Larkin, the owner of architectural firm Zephyr.
Mr Lancashire said the depth of the high-end market at the moment was unprecedented.
“You have no idea how many high end properties are changing hands. There’s so much money around.”
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The sale of Blanco brought Mr Lancashire’s total for the month to $32 million, with more sales imminent but not yet unconditional. He said in August the offices collectively surpassed $100 million-plus in sales, a record-breaking result over a month.
The property sold to a young, local entrepreneur.
Blanco has been on the market since June, before it sold this week.
Mr Larkin said he built the property – a three-storey monolith with a $250,000 pool that appears to sit suspended on the side of Hamilton Hill and features lights from a Rolls-Royce – to be as functional as possible with a layout that would suit any buyer, at any life stage.
Mr Lancashire said the new owner, a single, young entrepreneur and Brisbane local, couldn’t be a better fit for the property.
“He wanted views, he wanted new, he didn’t want to do any work so Blanco fit the bill really well,” he said.
Some of the team at Ray White, including Matt Lancashire, far right, who sold Blanco and said the office had collectively sold made more than $100m in property last month.
Alongside Blanco, Mr Lancashire has also been marketing Noir, a five-storey show-stopping home also designed by Zephyr and being built a few doors down at 9 Prospect Terrace.
The property could be among the last new homes to be built on Hamilton Hill after Zephyr snapped up the two remaining blocks a little while ago.
A render of Noir at 9 Prospect Terrace, Hamilton Hill, by Zephyr, which will be completed in October.
Expected to achieve a sale price in excess of $10 million, Noir is still under construction and is set to hit the market in October.
Mr Lancashire said there had already been an amazing level of inquiry about the house and he potentially had an overseas buyer, who was considering Noir as an investment. Should the sale go through, he said a potential tenant was also waiting in the wings.
The five-storey show-stopping home predicted to surpass $10m is said to already have a potential buyer.
The five-bedroom house spanning five storeys covers 1050 sqm of living space and has unobstructed river and city views from every level.
Mr Lancashire said the “architectural showpiece” set a new precedent for quality, scale and luxury, and offered “a combination of features and finishes seldom seen anywhere in Australia”.
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