{"id":40441,"date":"2022-10-12T07:10:00","date_gmt":"2022-10-11T18:10:00","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=40441"},"modified":"2022-10-12T07:10:00","modified_gmt":"2022-10-11T18:10:00","slug":"basketball-star-makes-1-3m-from-sale-of-historic-mansion","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/basketball-star-makes-1-3m-from-sale-of-historic-mansion\/","title":{"rendered":"Basketball star makes $1.3m from sale of historic mansion"},"content":{"rendered":"

PHOTO: Former NBA player Aron Baynes and Ray White\u2019s Matt Lancashire outside the home at 49 Reading St, Paddington.<\/strong><\/p>\n

According to realestate.com.au<\/a>\u00a0BRISBANE Bullets star Aron Baynes has made a $1.3m profit from the sale of one of the city\u2019s most historic homes.<\/p>\n

Expressions of interest closed on September 24 for the irreplaceable 158-year-old Queenslander at 49 Reading Street, which is the older sibling of Government House.<\/p>\n

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NBL star Aron Baynes has sold this historic home in Reading St, Paddington.<\/strong><\/em><\/p>\n<\/div>\n

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Ray White New Farm agents Matt Lancashire and Josh Brown have sold the seven-bedroom home for $5.8m.<\/p>\n

The NBA-NBL star and his wife, Rachel, bought the property for $4.5m in January last year with a view to putting it through a massive renovation to restore it to its former glory.<\/p>\n

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The property is the older sibling of Brisbane\u2019s Government House.<\/strong><\/em><\/p>\n<\/div>\n

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The property boasts amazing city views and covers a huge 1600 sqm site.<\/strong><\/em><\/p>\n<\/div>\n

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The couple engaged award-winning Brisbane builders Graya to design their vision of the property, and the DA-ready plans for the site were included with the sale.<\/p>\n

Called \u2018The Governess\u2019, the estate covers 1634 sqm, spread across four blocks on the corner of Fernberg Road and Reading Street.<\/p>\n

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The property was sold with plans by Graya to transform the home into this vision.<\/strong><\/em><\/p>\n<\/div>\n

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An artist\u2019s impression of the DA-approved plans for the 158-year-old estate.<\/strong><\/em><\/p>\n<\/div>\n

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The home not only predates Government House but was designed by the same architect, Benjamin Backhouse, in the 1860s.<\/p>\n

Cohen Handler Queensland managing director Jordan Navybox, who secured the property for Mr Baynes, said Brisbane\u2019s prestige property market had recorded a \u201csignificant uplift in pricing\u201d in the past month.<\/p>\n

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