Last Saturday’s Real Estate Magazine House of the Week – The Anglican Diocese of Adelaide’s historic North Adelaide mansion Bishop’s Court – certainly got people talking, and also drew out a number of buyers keen to secure their own slice of heaven.
Selling agent Jamie Brown of Booth & Booth Real Estate said interest in the property had been strong, despite the $10 million-plus 45 Palmer Place home’s obviously smaller buyer pool.
“We had a good amount of interest – of course it’s always a thinner market at that top end, however the amount of groups that called up I was very happy with,” Mr Brown said.
“The interest has come from the family market, given it’s disposition as a family home. A lot of these institutional properties or religious boarding-style properties have been adapted to their own purpose, or the floorplans have been massaged over the years, but Bishop’s Court is magnificent because it’s only been used as a home all these years, so there’s no need for adaptations or reinstating of original floorplans.”
Mr Brown supported the editorial with a double page advertisement to ensure he’d captured the attention of every possible buyer.
“The double page ad really gave us some scope to show off the house in its appropriate size, which was a page, and the balance of the grounds took up the other page, so it had a beautiful look about it and we think it deserved it and warranted it, and for that calibre of property to be shown in its best light it needed it,” he says.
Mr Brown said the more than 5300sqm property’s release should recalibrate the top-end of the market.
“I think we’ll see several sales in the sixes and sevens over the coming couple of years, but obviously this is a standout property and warrants the sort of figure we’ve discussed because there’s nothing else quite like it … it’s unique on all fronts.”