Actor Toni Collette and muso David Galafassi fall for the charms of contemporary inner-city Paddington
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Actor Toni Collette and her musician husband, David Galafassi, have snapped up a $6 million Paddington property.
It’s the double-fronted Paddington offering of Nick and Susie Kelly, the founders and owners of Industrie clothing.
It was snapped at an undisclosed price – but understood to be slightly more than $6 million.
Designed by architect Anthony Gill and completed in 2009, the five-bedroom, four-bathroom house on a 360-square-metre block sold well ahead of its October 14 closing date for expressions of interest.
The sale price through McGrath agent Ben Collier last month was a record for the southern side of Oxford Street, Paddington.
Consisting of two classic Victorian terraces combined into a palatial single residence, the contemporary tri-level family retreat had been reinvented to embrace light flooded indoor/outdoor living.
The two terraces cost $2.15 million in 2003 and $1.865 million in 2005.
The five-bedroom house will replace their hillside house at Bronte, on which the renovation rebuild costings defied property logic and has prompted its listing.
The 1885 weatherboard Bronte cottage cost $4.4 million in mid-2009. They’ve since obtaining rebuilding approval, but have opted not to proceed given the rebuild construction tender quotes are understood to have tallied about $4 million.
Given the current top-end market conditions aren’t resplendent with sunshine, its McGrath Estate Agents listing agent Bethwyn Richards has given public estimates she expects the property to sell for about $3.5 million and that Collette and Galafassi are prepared to cop a $900,000 loss.
