PHOTO: Sports talent agent James Erskine and Charles Fairfax of the famous publishing family.
One of Australia’s most famous families could have bought themselves another house with their profit from the sale of their home, and they didn’t touch a thing.
Businessman, and John Fairfax dynasty scion, Charles Fairfax has secured $18 million in the post-auction sale of his Coolong Rd, Vaucluse offering.
Highlighting there’s still strength and price growth in the prestige market, the sale comes just a year after he and his wife Kate bought the Spanish Mission-style house for $14.95 million.
There was a $17.1 million top bid when it went to midweek online auction through Sothebys International agent Michael Pallier.
The Coolong Rd, Vaucluse home.
The couple put it back up for sale without starting work on its mooted renovation, and easily covered the $983,000 stamp duty bill for the 1083 sqm holding.
There are harbour glimpses from the upstairs of the home featuring arched colonnades and painted timber shutters.
There had been four bidders when the home was offered last year through Sotheby’s by the Titerton family who’d owned the home for seven decades.
It sold for $3.05m more than a year ago.
Inside the grand residence.
“Elevated from the road behind sandstone fencing and green gardens, this character filled multi-level residence showcases influences from Spanish mission style architecture with its romantic facade featuring arched colonnades and painted timber shutters,” the listing read.
“In original form throughout, it brims with possibilities for modern refurbishment (STCA).
Filled with charm.
And character.
‘A secluded oasis’.
“A huge, established rear garden and lawn offers a secluded oasis, with additional highlights including formal living areas set beside charming fireplaces, a vast north-facing sandstone terrace and a lock-up garage accommodating two cars.
“A rare offering for a growing family, boasting five large bedrooms plus a study.”
The Fairfax family seem set to remain in Dover Heights. They also have a historic weekender in the Blue Mountains, Balquhain at Blackheath.
Highly sought-after Coolong Rd.
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