Mortgage broker Lizzie Buttrose sells Vaucluse ranch style home post auction

The mortgage broking director Lizzie Buttrose sold her ranch-style Vaucluse abode shortly after its scheduled weekend auction.

It had been passed in units only bid at $3.8 million, but sold for $4.03 million by late Saturday afternoon.

Its listing followed still unconfirmed reports that she and fiance Zoran Stopar are set to head to far-north Queensland after their much-mooted nuptials.

Buttrose opted for an auction on the second-last Saturday before Christmas through Dean Emerson, an agent at Purplebricks, the cut price commission estate agency.

The four-bedroom Hopetoun Mews house on an 873sq m battle-axe Burrabirra Ave block has been marketed as “the perfect opportunity for reinvention”.

It added that the property was "a blank canvas for those looking to secure their spot in a blue ribbon location."

There were $4 million expectations, with Sunday Telegraph columnist Annette Sharp noting Buttrose had knocked back a higher pre-auction million offer.

Buttrose took possession of the property in 2010 through a holding company.

It traded in 2003 for $2.25 million when bought by her late father, financial adviser Will Buttrose, from whom she derived her interest in property and financing.

This article was first published in The Sunday Telegraph.