A stately heritage-listed home built for the namesake of Australia’s oldest jeweler has sold for a bargain price after seven months on the market.
The stately heritage-listed home built for the namesake of Australia’s oldest jeweller, Fairfax & Roberts, has finally sold in Wahroonga after seven months on the market.
While the sales agent was tight-lipped about either the result or even the price guide, local sources said Rose Lodge at 30 Fox Valley Rd sold on Thursday for $3.43m.
When first listed last November for a December auction, it’s understood the guide had been $4m.
But as the campaign progressed, the guide dropped to $3.4m to $3.6m and the final result was at the lower end of that range.
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According to land title records, the five-bedroom house on an elevated 1400sq m block with pool and views to Botany Bay last exchanged for $380,000 in 1986 and has remained in the Lancaster family until its recent sale.
A grand period residence dating back to between 1901 and 1920, Rose Lodge was believed to be commissioned by businessman Oscar G Roberts who stepped in to help the 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 manors, 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 home built for Australia’s oldest jeweler sells after seven months on the market