February 25, 2016
Government Property NSW today announced the auction results for 11 Millers Point properties, including a record price for the iconic ‘Darling House’, located at 8-12 Trinity Avenue.
The sale of these 11 properties will deliver almost $33.54 million for investment in social housing projects across NSW.
Conservation Management Plans (CMPs) endorsed by the NSW Heritage Council are included in contracts for sale for all heritage listed properties in Millers Point, and ensure that new property owners are fully informed of their responsibilities when purchasing a heritage listed property.
Owners of heritage-protected properties are required to undertake maintenance, restoration and development activities in accordance with those Plans.
Darling House (pictured above right), fetched $7.7 million at auction.
The free-standing 19th century two-storey sandstone residence sits on a 781sqm block and includes 10 bedrooms, 10 bathrooms and off-street parking.
Ten other Millers point properties were auctioned today with the following results:
20 & 22 Kent Street: Neighbouring two and three bedroom residences, sold for $1.985 million and $1.78 million respectively.
28 Kent Street: The four bedroom two storey terrace sold for $2.46m million.
46 Kent Street: Known as ‘Chelsea House’, this five bedroom, two storey terrace sold for $2.525 million.
38 Argyle Place: A four bedroom residence, sold for $2.92 million.
40 Argyle Place: A three bedroom terrace, sold for $2.75 million.
60 Argyle Place (pictured above left): A wide three bedroom terrace, sold for $3.175 million.
51 Lower Fort Street: Known as ‘Wendovir’, this four bedroom, three storey property sold for $3.125 million.
63 Lower Fort Street (pictured above right): The three bedroom residence in Vermont Terrace sold for $2.56 million.
71 Lower Fort Street: A three bedroom two storey residence, sold for $2.56 million.
To date, 58 properties have been sold in Millers Point, totalling almost $150 million.
Proceeds from the sale of the properties are being reinvested into 1,500 new social housing dwellings across the state, with 100 dwellings already completed.