Clover Moore has sold her Redfern terrace for $4million, making a nearly 100-fold return on the property.
Sydney‘s 79-year-old Lord Mayor and her retired architect husband Peter listed the Redfern terrace for sale on November 2.
The three-bedroom, two-bathroom terrace was sold at auction through Progress Real Estate’s Florance Wong on Saturday for $4million, which was the amount Ms Moore previously said she was hoping for.
She said she was happy with the result, the Daily Telegraph reported.
Two of the attendees lodged bids after the bidding opened at $3.8million.
Ms Moore bought the terrace for just $45,000 in 1978 and has owned it for nearly five decades.
The home is a federation era terrace on leafy Kepos street in the rapidly appreciating inner-city suburb. The marketing called it ‘inner-city living at its best’.
More than 2,500 people viewed the property on realestate.com.au.
Ms Moore remains firmly embedded in her role as Lord Mayor after cementing a historic sixth term in September’s elections
Ms Moore’s family have been living in the home, while she and her husband live in a nearby apartment complex
Ms Moore and her partner undertook nearly $230,000 in renovations over a decade ago on the property
It is littered with period features. Intricate timber-work clads both the interior and exterior of the home.
A formal dining room and the living rooms boast marble fireplaces, and there is also an attic office.
Decorative cornices and ceiling roses line the terrace’s grand rooms and an original cedar and pine staircase links the main level, with a brass chandelier strung above it.
Ms Moore and her partner undertook nearly $230,000 in renovations over a decade ago on the property, and her family currently occupies the home.
It is also the site of Ms Moore’s contentious bid to halve the Moore Park Golf Course from 18 holes to just nine to open up more of the city’s green space to public use.
The Moores have been living in their nearby Moore Park Gardens apartment complex which they bought through Ms Wong for $900,000 in 2014.
The apartment is one of 560-units in the development which took place on Reschs Brewery’s former site in east Redfern.
Ms Moore has been married to Peter Moore for some 55 years, and remains firmly embedded in her role as Lord Mayor after cementing a historic sixth term in September’s elections.
She’s held the keys to Town Hall for more than 20 years.
