Basketball star makes $1.3m from sale of historic mansion

PHOTO: Former NBA player Aron Baynes and Ray White’s Matt Lancashire outside the home at 49 Reading St, Paddington.

According to realestate.com.au BRISBANE Bullets star Aron Baynes has made a $1.3m profit from the sale of one of the city’s most historic homes.

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.

NBL star Aron Baynes has sold this historic home in Reading St, Paddington.

Ray White New Farm agents Matt Lancashire and Josh Brown have sold the seven-bedroom home for $5.8m.

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.

The property is the older sibling of Brisbane’s Government House.

The property boasts amazing city views and covers a huge 1600 sqm site.

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.

Called ‘The Governess’, the estate covers 1634 sqm, spread across four blocks on the corner of Fernberg Road and Reading Street.

The property was sold with plans by Graya to transform the home into this vision.

An artist’s impression of the DA-approved plans for the 158-year-old estate.

The home not only predates Government House but was designed by the same architect, Benjamin Backhouse, in the 1860s.

Cohen Handler Queensland managing director Jordan Navybox, who secured the property for Mr Baynes, said Brisbane’s prestige property market had recorded a “significant uplift in pricing” in the past month.