The married owners of one of Australia’s leading kitchen appliance companies are selling one of the last available houses in Brisbane’s inner-city with uninterrupted river views.
The property at 21 Avebury St, West End, is one of only a few dozen inner-city homes that offer ‘absolute riverfront’: a view of the river unbroken by walkways, other homes or bike paths.
Fewer than 20 of these properties exist across inner-city hotspots such as New Farm and Teneriffe, with only 33 remaining in West End.
21 Avebury St, West End, is one of the last ‘absolute riverfront’ properties left for sale in Brisbane’s inner city.
An ‘absolute riverfront’ home is one with a view of the river without anything between it, such as a public path.
Dine-Rite co-founders Tracey and Paul Cunningham bought the luxury home shortly after it was built, and spent the next three decades raising their family there.
“We’d always wanted riverfront, and back then West End wasn’t all that popular,” Ms Cunningham said. “We paid well over $1 million for it – I remember vividly it was a lot of money for a 30 year-old back in 1992.
“Since then, it’s completely evolved into an amazing suburb, with everything at our fingertips here.”
The married co-founders of kitchenware company Dine-Rite bought the home shortly after it was built more than three decades ago, when it was already worth more than $1m.
Other Brisbane riverfront homes have reached sale prices of $25m in just the last few months.
The deluxe 808 sqm property features five bedrooms and three bathrooms across four levels, offering multigenerational living and a series of indoor-outdoor access points.
“It used to be called Hill End when we bought the house,” Ms Cunningham said. “We’ve had weddings [thanks to] the scale of the property, and with the multiple living zones, the teenagers have always had their space.”
The home has been through a soft renovation in the late 2000s and the past year, along with a larger uplifting of the property in 2013.
The home features 808 sqm of space, four storeys, five bedrooms and three bathrooms.
The house is divided into several areas to allow for multigenerational living, and has been large enough to hosts events such as weddings and christenings.
The downsizing owners are now looking for a new family to take their place, seeking best offers with HB Property until March 6.
Agent Hamish Bowman said absolute riverfront opportunities were becoming increasingly rare in today’s market.
“There are fewer houses becoming available,” he said. “They’re shrinking, because they’re replacing houses with new apartment blocks.”
Best offers for the home are being accepted by HB Property until March 6.
Ms Bowman said with New Farm and Teneriffe river homes setting records at $25 million, he expected West End to be the next market to spike.
“It’s got all that new infrastructure going around; particularly attractive to doctors, being close to all the major hospitals,” he said.
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