A HISTORIC Brisbane home that hasn’t gone on the market in over a decade has seen a flood of queries within 24 hours of the “for sale” signs going up.
Owned by one of Brisbane’s most successful accountants, Paul Lindstrom – managing partner of PricewaterhouseCoopers Brisbane office – and his wife Tracey, Elystan House generated 1000 hits and 50 phone calls within the first 24 hours of being put up for sale.
Located at 12 Elystan Road in New Farm, the Lindstroms decided to put their home on the market given their children were now grown up.
“We’ve loved living at Elystan House, but with only one of our daughters still living at home, we simply don’t need the space we used to,” Mr Lindstrom said. “We’ll be staying in the area – we really like New Farm and it’s purely a matter of downsizing.”
Built in 1907, the six-bedroom home with pool underwent major renovations in 2007. It’s spread over a massive 1,518 sq m block, and the front verandah has a view of New Farm Park.
“The home ticked a lot of boxes for our family,” he said.
Realtor Matt Lancashire of Ray White New Farm said the market had been waiting for such a sale.
“This family home exudes a charm and sophistication which can only be found in the historic homes of Brisbane,” he said.
Mr Lancashire expected the home to test the market, given short supply of luxury historic homes.
He said demand was at an all-time high, and supply struggled to keep up.
“We’ve seen some really great things happen in New Farm and the inner city in the last six months, especially in the high end of the market. We’ve seen our enquiries on all our properties increase dramatically and days on market shorten. Average days on market has come below 30 now and that’s the first time that we’ve seen this since the boom in 2007.”
Elystan House goes to auction at 11am on Saturday March 7 unless sold prior.