This property at 20 Pring St, Hendra, has sold for a new suburb record of $4.5m.
HENDRA’S suburb price record has been spectacularly broken with a renovated Queenslander selling under the hammer for $4.5 million, as Brisbane’s auction market continues to amaze.
Seven local bidders competed for the grand, five-bedroom home on more than 1000 sqm at 20 Pring Street before a couple upgrading from New Farm secured the winning bid.
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The property has smashed the Hendra sale price record by $650,000.
The sale price smashes the previous Hendra record by $650,000 and is $1.6 million more than the property last sold for only three years ago.
Records show the home fetched $2.9 million in October 2018.
This property at 20 Pring St, Hendra, sold under the hammer for $300,000 above reserve.
The previous suburb sale price record was held by a property at 12 Blaikie St, Hendra, which sold for $3.85 million in July.
Jill Wright of Place Ascot, who marketed the property with Patrick McKinnon, said the result was higher than the vendor expected.
Buyers fell in love with the property’s charm.
After a low opening bid of $2.5 million, the bidding quickly jumped to $3.5 million before it came down to two couples at the $4.3 million mark.
Ms Wright said the vendor decided to set a higher reserve than initially planned, but the sale price still beat it by $300,000.
The character home was “a showpiece” of the area and beautifull renovated.
“There was so much that was unique about this house,” Ms Wright said.
“It was a showpiece of the area. A beautiful, big Queenslander in the centre of a 1000 sqm, flat block.
“It also had a really great floorplan that appealed to older families as well as younger.”
Hendra is a high-demand suburb with a median house price of over $1 million.
The property boasts wide verandas and lattice fretwork.
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