Historic Brisbane, Hamilton Hill home up for auction

For the first time in 35 years, a Hamilton Hill home in Brisbane is being offered up for auction this week, having last sold for $60,000 in 1979.

The property, 24 Hillside Crescent, sits on 506 square metres with no sales prior to its last sale. The house, built in the mid-to-late 1930s by the Queensland timber merchant W.S. Brett was designed for the merchant himself. At the time, it was covered by The Courier-Mail as a significant property.

The three-bedroom, two-bathroom 80 year old home retains a number of its historical features, including leadlight awning doors, polished cedar timber floors and high decorative ceilings.

Marketing the home is Sherrie Storor of Place, who said that this was a rare opportunity.

“This house occupies an elevated position on Hamilton Hill and has a wide frontage with panoramic sweeps down both reaches of the Brisbane River and onto the city skyline,” said Storor.

“The home was designed to co-exist with its amazing position, with the floor plan oriented to take full advantage of the amazing Brisbane scenery from nearly every room.”

It has formal and informal living areas, patios, an in-ground Jacuzzi and a terrace.

It is looking for buyers who are open to restoring the home, with renovations required on the home.

“There is ample scope to renovate this home and restore its historic beauty while adding instant value,” she said.

There has already been substantial interest from buyers, and the expectation is for some fierce bidding later on today.

“We’re confident the property will sell – in fact, we are under instructions from the vendor that the property must be sold,” she said.

The auction will take place on Thursday at 6.30pm at the Place head office in East Brisbane.

RP Data's 'land value' section from June last year puts the price at $1,150,000.