Kew's Fairholme sells for about $4.8 million
Fairholme, a Romanesque Revival former aged care facility in Kew, has been sold for about $4.8 million.
It was listed mid-year for sale with a price guide of $4 million-plus. Property Observer gathers it will most likely return to being a private residence.
Located on the corner of Fellows and Barry Street, Fairholme was built in 1889 for local solicitor Edward Smart by Reed, Henderson and Smart architects.
It was added to in 1900 by C Gordon McCrae featuring a wrap around Edwardian verandah, ornate ceilings, restored cornices and timber paneling.
The property, also known as Hallel, was most recently known as the Gracecourt Hostel aged care facility, with 27 rooms and 24 ensuites
Set across 2,185 square metres, and classified by the National Trust, Fairholme offered the opportunity to be restored into a family home or to continue as an aged care facility.
Fairholme was listed through Robert Fletcher and Nick Fletcher of Fletchers Realty.
The median house price in Kew is $1,411,000, up on the $1,360,000 median at the time of its June listing, according to RP Data.
