Luigi Rosselli-designed Woollahra trophy home sale tops recent BKH and heritage sales
A Luigi Rosselli-designed Woollahra home sold under the weekend auction hammer for $7.13 million - at $130,000 above reserve.
The five-bedroom home at 63 Wallaroy Road was sold by the Parker scrap metal merchant family.
Some four registered bidders competed at the on-site auction, with it sold to a local buyer through McGrath agent Ben Collier in a rare offering of the architect's work.
The home on 822 square metre was listed with $6.5 million plus hopes having last sold at $6.5 million in late 2006. It was built in 2003 with Rosselli's trademark curves, angles, glass and sandstone features.
The three-level contemporary residence is on an elevated section of Wallaroy Road, between Glendon Road and Weeroona Avenue, hidden from the street by a high security gate.
All bedrooms are doubles with built-ins, and the master bedroom comes with ensuite, walk-in wardrobe and terrace.
Yes the sale represented around 1% annual growth over the past six years or so, but the weekend sale does suggest there may have been a turnaround in Woollahra's recent woes.
After all it was only late last year when the nearby heritage residence, Glen Rhoda fetched $5 million having traded at $6.15 million in 2004 when the Tassone bought it from INXS drummer Jon Farriss.
But there has been no real rush by vendors to test the market with just the four officially registered sales above $4 million so far this year topped by the $8.6 million Dahdah rag-trading family purchase also on Wallaroy Road.
Designed by architect Iain Halliday of BKH, the 2011 completed three-level residence on a 1049 square metre block had been was listed with ambitious $12 million hopes in 2011.
There's also been the as-yet unrecorded sale of the Dahdah's redundant residence on Wallaroy Road which was passed in on a $4.6 million vendor bid at its May auction. And another as yet unrecorded sale of a six-bedroom Victorian terrace on Ocean Street that sold recently for more than $7 million, and possibly close to $7.25 million.
The Halliday-designed sale represented $8200 a square metre compared to the weekend's Rosselli-designed $8700 a square metre result.
Heritage Glen Rhoda, that sits on 1205 square metres with a magnolia reputedly as old as the 1863 house, represented $4150 a square metre on it most recent sale.
