Park-Front Terrace for “$3.5m+”, Likely Far More

Few rows of terraces hold as much presence as the string of Victorian Italianates that line Glenmore Road directly across from the Royal Hospital for Women Park. With coveted rear lane access, harbour glimpses, lots at least 50m deep, and a Five Ways-adjacent location, the only downside here is the excessive traffic and buses that roar down the road. (This section of road also holds claim to the highest concentration of pools in the suburb.) With that in mind, “dream team” McGrath agents Ben Collier and Andrew Hackett have landed an extensively renovated (giving it “mullet house” distinction) four-bedroom, four-bathroom (nice ratio!), two-car garaged home with a pool. And although the agents have quoted the price at “$3.5m+”, comps tell a different story:

• 148 Glenmore: $4.75m in Sep 2010 (similar size and quality of renovation)
• 142 Glenmore: $3.1m in Apr 2009
• 140 Glenmore: $4.05m in Dec 2010 (neighbour!)
• 136 Glenmore: $2.0m in Feb 2009 (unrenovated, smaller parcel)

The listing: 138 Glenmore Road, Paddington