Record-Breaking Sale of a Narrow Home in Sydney
A unique and narrow home in one of Sydney’s most exclusive suburbs has made headlines after selling for an impressive $19.5 million. The property, located on Carthona Avenue in Darling Point, is a four-bedroom, five-storey waterfront mansion that has captured attention not only for its location but also for its remarkable price per square metre.
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The home, which measures just 3.9 metres in width, was auctioned off in May and has become the subject of much discussion due to its unusual dimensions. Despite its narrowness, the house has managed to break the national record for a freestanding house, with an estimated price of around $94,202 per square metre of its 207 square metres.
This sale marks another milestone in the property’s history. Since it last changed hands in December 2001 for $15.5 million, the home has increased in value by over $1 million each year. The property was originally built in 1980 and has been owned by several high-profile individuals over the years.
Notable Previous Owners
The most recent owners of the property were fashion designer Gregory Ladner and his husband Mark Grenville. Before them, the home was occupied by Fiona Brown, co-founder of Dicker Data, a leading distributor of innovative technology accessories in Australia.
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When the property was put up for sale in May, it was marketed as “one of the last remaining waterfronts in arguably one of Sydney’s most premier blue-chip locales.” This description highlights the exclusivity and desirability of the location, which is just four kilometres from the city centre and only seven minutes away from the CBD by boat.
Unique Features of the Property
The home features a range of luxurious amenities and design elements that make it stand out. The ground level includes a wet bar and one of three sunlit patios that lead to a mosaic-tiled pool located at the harbour edge. Access to the pool can be made via twin staircases, adding to the convenience and aesthetic appeal of the space.
On the first level, there is a central kitchen and dining area, providing a spacious and functional living environment. The bedrooms are spread across the three top floors, each offering stunning views of the surrounding area, whether the tide is in or out.
During low tide, a small section of private beach becomes visible, while at high tide, the water reaches the edge of the pool, creating a natural and picturesque setting.
Luxury and Comfort
The property is equipped with a glass lift that connects all the floors, ensuring ease of movement between levels. Each floor comes with underfloor heating, enhancing comfort throughout the year. Guests can use the poolside bathroom or step inside to admire the marble main en suite, which complements the Caesarstone kitchen.
While this home has set a new benchmark for freestanding houses, it still falls short of the prices achieved by certain luxury apartments in the city. For instance, a Bondi Beach apartment on Notts Avenue sold for approximately $126,000 per square metre, the highest amount on record. However, the most expensive home in Australia remains the $141.55 million penthouse at One Sydney Harbour, which sold for $100,000 per square metre in late June.
This sale underscores the ongoing demand for unique properties in prime locations, even those with unconventional designs. The Darling Point home exemplifies how location, design, and exclusivity can combine to create a highly valuable and desirable property.
