Real Estate

historic launceston home glenfruin sold for 3 25 million

Written by The ReReport

1 Brisbane Street, Launceston. Picture: SUPPLIED

A HISTORIC Launceston mansion has set a record sale price for the northern capital at $3.25 million.
The 1880s-built Glenfruin — 1 Brisbane Street, Launceston — was bought by a woman who has recently relocated to the Apple Isle from Sydney, says Knight Frank department manager Mathew Chugg.
The remarkable price that the four-bedroom home fetched places it among Tasmania’s largest sales of the year.

1 Brisbane Street, Launceston. Knight Frank.

In July, a Battery Point waterfront home in Clarke Avenue was sold for $4.55 million, while in April an 1800s mansion in New Town fetched $3.55 million.
Four more Hobart homes, in Sandy Bay and Taroona, have been sold for between $3 million and $3.45 million this year.
Mr Chugg said the sale of Glenfruin was a great result for Knight Frank’s vendor.

1 Brisbane Street, Launceston. Knight Frank.

He said the team had worked hard to achieve this price that set a new benchmark for Launceston in passing the most recent record holder, a Claremont Street home that was sold for $3.05 million seven years ago.
“The home attracted really strong interest locally, from right across the country plus some serious international interest, too,” he said.

1 Brisbane Street, Launceston. Knight Frank.

“Strong interest drives prices in our industry.”
Mr Chugg said the top end of the Tasmanian market had performed exceptionally well in 2018.
“It’s amazing, isn’t it?” he said.
“It is mind-boggling how many $3 million-plus homes have been sold. And the year is not finished yet.”
Iconic Glenfruin has a huge floorplan at 458sqm set on near 1500sqm of land.
No stone was left unturned when the previous owners updated their historic home.

1 Brisbane Street, Launceston. Knight Frank.

The century-old property features everything from hydronic heating to underfloor insulation, double-glazing, LED lighting, video security and pin-coded entry.
There is bespoke cabinetry throughout, a gourmet kitchen with red marble benches, and a master-bedroom suite features a kingsize bedroom, a dressing room and a plush ensuite with a walk-in shower, double sink and bidet.


$4.55 million: 24 Clarke Avenue, Battery Point (Knight Frank)
$3.55 million: 12 Stoke Street, New Town (EIS Property)
$3.45 million: 11 Ellington Road, Sandy Bay (Ray White)
$3.3 million: 22 Grange Avenue, Taroona (Charlotte Peterswald for Property)
$3.25 million: 1 Brisbane Street, Launceston
$3.1 million: 504 Sandy Bay Road, Sandy Bay (Knight Frank)
$3 million: 30 Nicholas Drive, Sandy Bay (Charlotte Peterswald for Property)
Source: CoreLogic

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