Time plus investment paid off big time as a heritage home in Chelmer sold for $3.3 million. That’s a huge leap from the property’s price of $120,000 when it was bought back in 1990.
Known as ‘Arcadia,’ the property is a grand and majestic Queenslander built around 1905. It sits on a 2,704-square-metre lot and has its own tennis court and swimming pool.
The property is at a prime location at 56 Victoria Avenue in Chelmer and is one of the few large blocks of land that are left in the suburb. Many of the other large lots have either been sold or redeveloped.
Chelmer properties such as the Arcadia are in high demand mainly for their proximity to top quality public and private schools, including St Aidan’s Anglican Girls School in Corinda, Graceville State School and Brisbane Boys’ College.
The suburb also provides easy access to Indooroopilly Shopping Centre and the train station, plus a good number of restaurants, cafés and boutique grocers.
Sold in an auction on 19 January, the Arcadia sale was easily the biggest sale that week.
Queenslander with Modern Features
Not only is the Arcadia a large property with gorgeous amenities. The design is also something to be desired. It manages to effectively combine old, classic Queenslander style with modern convenience and comfort. The home boasts huge rooms with views of the outside. The dining area opens up right to the veranda, which surrounds the entire house.
The Arcadia offers several large spaces that have been well-maintained by the former owner. It has a second living room with an ornate fireplace that’s perfect for a relaxing retreat.
Downstairs are large air-conditioned areas that should be perfect to use as work-from-home office able to accommodate up to five workstations. The property also provides a garage for two cars and generous space for storage.
