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.



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