Insight

23.11.21  Lifestyle

 

The Eastern Suburbs’ Own Grand Designs

Once in a while, we have the privilege of selling one of the Eastern Suburbs’ own ‘grand designs’.

These rare architectural masterpieces are as coveted by buyers as they are beloved by their owners.

Every now and then we are lucky enough to sell a home that is more than just a house – it’s an artistic masterwork. These ‘grand designs’ are truly unique homes that the owner has poured their blood, sweat and tears into, often over many years and at great cost. These properties set themselves apart with their architectural design, high calibre specifications and impeccable attention to detail. They are genuine passion projects for their owners, and the result is a one-of-a-kind architectural gem that can drum up incredible interest from discerning buyers.

What inspires people to build these passion projects?

If you’ve ever watched Grand Designs, you’ll know that people’s reasons for building their own unique property are as varied and diverse as the homes themselves. Some people are driven by their architectural vision and their passion for design and innovation. For others, unique home is their crowning achievement or legacy. For some, it’s about creating the perfect home for their family, right down to the very last detail. And others develop their grand design purely as an investment, never planning to live in it, but hoping to recoup their efforts in a record-breaking sale.

What do buyers love about them?

For the most discerning buyer, only the best will do, and that’s what these properties represent. The owners and designers of these architectural masterpieces have considered every feature, every finish, every fixture, every permutation of the space, and the buyer is the one who ultimately benefits from this unerring attention to detail.

Regent, at 27 Regent Street, Paddington, is a prime example. The Victorian terrace was completely transformed by its Smart Design Studio-conceived metamorphosis, which brought the light in and connected the interiors to the outdoors with exquisite attention to detail.

The originality of these properties is another big drawcard for buyers. They are absolutely one-of-a-kinds, and that holds a lot of appeal for buyers looking for their very own exclusive and extraordinary home. Imagine your dream home coming onto the market.

Because these houses are such exceptional one-offs, they tend to generate high buyer demand and command accordingly high prices. For example, the incomparable Renato D’Ettorre designed Italianate House at 177A Albion Street, Surry Hills broke the suburb record in April last year when it sold for $11.5 million.

Astute buyers also understand the years of sheer hard work that go into creating homes like this – the cost, the time, the heartache, the negotiations with local council and the Land and Environment Court, and so on – and, understandably, prefer to acquire the finished home rather than navigate that process themselves.

Case study: 17-21 Rush Street, Woollahra

17-21 Rush Street is nothing short of a work of art. The vendor spent two decades working on this passion project, and there can be no doubt it was time well spent.

Acquiring three adjoining terraces over a period of 15 years, the vendor then amalgamated the properties into one generous residence. Property amalgamation is a clever technique being used to great effect in the inner east to expand the footprint of a home in suburbs where blocks are traditionally limited in size. Of course, it is neither cheap nor quick to do, but in this case, the results speak for themselves.

After accumulating the three original terraces, the vendor then spent two years on the planning and design phase, and another five on construction.

The finished product is a state-of-the-art home that harnesses a rustic, textural aesthetic and a warm Mediterranean palette to evoke the mood and feel of an Italian villa. The artisanal handcrafted finishes take on a life of their own in interiors designed to evolve with the light.

Behind an 11-metre street frontage, the three-level home, conceived by master architect Renato D’Ettorre, is set on a spacious 325sqm parcel. Multiple living spaces and a bespoke full slab marble kitchen allow for beautifully effortless entertaining. The home office and three generous bedrooms, each with an ensuite, grace the first level, with the master suite secluded in a private wing to the rear of the block.

The home’s two expansive wings connect around an elegant central outdoor space featuring a meditative water feature and a glass-walled pool. A skylit family zone, gym, Effegibi steam room and temperature-controlled wine cellar on the basement level round out the residence. A double lock-up garage is accessed from the rear lane and Queen Street village is mere metres away.

Want more?

If you’d like advice on buying or selling in Sydney’s east, get in touch.

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