Rundown Brisbane one-bedder sells for loopy value at public sale

This outdated, one-bedroom cottage at 13 Crown St, Petrie Terrace, bought for $855,000 at public sale.

A RUNDOWN one-bedroom home on lower than 200 sqm has fetched an eye-watering value at public sale in Brisbane.

The unique 1880 employee’s cottage in Petrie Terrace was owned by the household of native rugby league nice, Col Weir, who died final yr on the age of 84.


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This property fetched $855,000 at public sale.

Advertising agent James Curtain of Place Woolloongabba stated the sale value of $855,000 for the unrenovated, one-bedder at 13 Crown Road was about $100,000 over the reserve.

“It was a reasonably wild final result,” Mr Curtain stated. “I don’t assume anyone bedder has bought for that cash within the space.

The entrance porch of the house at 13 Crown St, Petrie Terrace.

“I believe what it’s saying is we’re nonetheless coping with an actual inequality between demand and provide.”

Mr Curtain stated the public sale attracted 12 registered bidders — many younger {couples} searching for a home in Brisbane’s interior suburbs.

Inside the house, which is an Eighteen Eighties time capsule.

“It’s wants a whole lot of work, though you would strategy that house and do the $150,000 to $200,000 renovation however equally spend $1 million,” he stated.

“(Petrie Terrace) is a really small suburb. There’s an exquisite sense of neighborhood there and it’s tightly held.”

The common-or-garden house has a cute, tiny kitchen.

The property is a time capsule from Brisbane’s early days, with authentic chamfer boards, VJ partitions, sash home windows and excessive ceilings.

French doorways open into the lounge room, the kitchen has retro cork flooring and the only bed room encompasses a walk-in gown/dressing room transformed from the unique verandah.

French doorways open into the lounge room.

Mr Curtain stated the property was bought by Mr Weir’s two kids who felt the end result of the sale “actually honoured” their father.

Col Weir wore the maroon for Queensland seven instances and rose to the brink of Check honours in 1960 when he was chosen as a reserve for the primary Check towards France.

The common-or-garden house has only one bed room.

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