A stately heritage-listed house built for Australia’s oldest jeweler has sold for a bargain price after seven months on the market.
The stately heritage-listed house built for Australia’s oldest jeweller, Fairfax & Roberts, has finally sold in Wahroonga after seven months on the market.
While the listing agent didn’t say anything about the bottom line or even price guidance, local sources said the Rose Lodge at 30 Fox Valley Rd sold Thursday for $3.43 million.
When it was first listed last November for a December auction, the guide was understood to have cost $4 million.
But as the campaign progressed, the guideline dropped to $3.4 million to $3.6 million and the bottom line was on the lower end of that range.
Hemmes quietly secures a getaway to Palm Beach
New price record for Whale Beach
According to title records, the five-bedroom home on a 15,000-square-foot elevated block with a pool and views of Botany Bay was last exchanged for $380,000 in 1986 and has remained in the Lancaster family until its recent sale.
A grand period residence dating from between 1901 and 1920, Rose Lodge is believed to have been commissioned by businessman Oscar G Roberts, who stepped in to help celebrated jewelers, then known as Lamb & Fairfax, stay afloat after Richard Lamb died in a boating accident. in 1876.
Fox Valley Rd is itself the jewel in Wahroonga’s crown, dotted with some of Sydney’s most magnificent mansions, 18 of which are on the state heritage list.
Rose Lodge retains many of its original features, including high patterned ceilings, stained glass windows, elegant fireplaces, and several modern updates.
With Stephen Nicholls
Originally published as Wahroonga heritage house built for Australia’s oldest jeweler being sold after seven months on the market