- Over $19 million sale by David Malouf
- Making it the highest ever sale on the Balmain Peninsula
- Previous record was $15 million for a waterfront property
A sale of over $19 million has been made on a restored gothic home in Balmain East, New South Wales, making it the highest ever sale on the Balmain Peninsula.
The sale of the seven-bedroom property at 24 Pearson Street by Highland Double Bay Malouf director David Malouf broke the previous record by more than $4 million.
Mr Malouf said, “It’s a record made all the more remarkable by the fact that, unlike the previous $15 million record, this property is not waterfront.
“Instead, it’s value lies in its rare architecture and sheer aperture of view across Sydney’s most famous sights.”
The property is believed to have been purchased by a non-local buyer out of Melbourne.
Mr Malouf said, “It’s a remarkable feat to secure such a substantial figure in one of the country’s most sought after property pockets, we couldn’t be happier with the outcome for our client and the home’s new owners.
“We had multiple parties vying for the property, given the rarity of its positions and design, buyers weren’t quick to pass in the opportunity to call this place their own.”
24 Pearson Street
Dating back to the 1860s, the Pearson Street property has a blend of restored gothic architecture alongside contemporary design features.
The 740 sq/m internal living layout contains seven bedrooms including a self-contained Au Pair quarters with water views, multiple living zones including a formal lounge and dining rooms, a whiskey room and a chef’s kitchen.
Outside, a further 500 sq/m of external living includes an entertainer’s balcony, heated pool, poolside terrace and lawn.
The property captures views over Darling Harbour, Barangaroo, the city skyline, and the ANZAC Bridge.
Highland Double Bay Malouf said the restoration of the property’s original architecture incorporates premium Western Red Cedar, pointed arch windows, pitched double height ceilings, three antique chandeliers and an array of bespoke carved fireplaces.
The modern additions are in the waterfront wing where there’s an open plan living area displaying soaring double height ceilings and full-length Luxembourg imported Keller windows.
