Historic Balmoral House, Mosman, sold
Sydney has seen the first double digit sale of the year, with the historic Balmoral House in Mosman selling for around $10.3 million.
It was sold by Barclays Global's former senior executive Bruce Goddard and his wife Vanessa, who paid $4.25 million for the sandstone home in 2001.
They bought the home from ad man Wayne Kingston and wife Annalisa, who bought it from publican Peter Bunting and wife Chez for $3.4 million in 1996.
The home was modelled on the villas of the Italian Riviera when built in 1908. It has undergone extensive conservation and renovation works to maintain its period touches.
Offering panoramic views over Balmoral Beach to Manly and North Head, the five bedroom home on 903 sqm features a home office and a wine cellar.
A swimming pool sits in level gardens.
LJ Hooker Mosman agents Geoff Smith and Charlie Biddulph sold the home.
It had been listed late last year with $12 million plus price hopes.
