Market has specialised home buying
A BOUTIQUE market is how Warwick real estate agent Doug Rickert describes the interest in our city’s older homes.
The local agent said there was just a small and select group of buyers for the standout sandstone homes which hit the Rose City market from time to time.
Mr Rickert is marketing the 1860s heritage-listed sandstone residence Hillside, which was purchased for an undisclosed sum by a Toowoombaidentity in June last year.
Mr Rickert wouldn’t speculate on why the current owner had opted to sell the historic home just a year after the purchase.
Hillside, the city’s original Anglican Rectory, was passed in for $825,000 at auction in June last year.
“The property has been back on the market for about three months,” Mr Rickert said.
“But the simple fact is that there is a very select market out there for these sorts of prestige homes.”
He said the property was being re-offered to the market minus a small parcel of land that had been on a separate title.
“It is a beautiful, historically significant home and I am confident it will sell,” Mr Rickert said.
“But we are looking at a boutique market.”
The house is historically regarded as one of the oldest residences in the city.
Built in 1867 it was once home to the Reverend Benjamin Glennie, a Warwick priest who became known as “Apostle of the Downs”.
It was purchased and renovated by Matthew and Susan Carrell in the early 1970s.