Southern Highlands property Neerim sells after 90 years of family ownership

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Neerim, the six-bedroom 1920s Bowral residence, has been sold following revised price hopes, ending nine decades of Welsh family ownership.

Last year there were $4.5 million-plus hopes, but more recently the four-hectare holding was listed by the Welsh family at $3.5 million. The price has not been disclosed.

Set in Centennial Road on the outskirts of the Bowral township, Neerim has been the Southern Highlands retreat for the family since the Tudor homestead was built in the 1920s.

Neerim was sold by the fourth generation of the family, who hold extensive farming properties at Molong in the central-west of NSW.

It was built as the southern retreat of their relative, Peter Tait, who owned sheep and cattle stations in Queensland in the 1920s.

The two-storey residence comes with grand staircase, timber panelling, fireplaces and wide verandas. There are staff quarters adjoining the homestead.

It comes with approval for the subdivision of eight building lots.

It was listed by Duncan Hill and Michael Maloney from Richardson & Wrench Bowral in conjunction with Chris Meares from Meares and Associates.