An apartment in one of the Sydney harbourfront’s most iconic mansions listed today through agent Ken Jacobs with $5m+ expectations. Apartment 2 is a three-bedroom, single-level apartment that contains elements of both the original mansion footprint and the quasi-graceful 1990s tack-on that faces the harbour. We last saw this apartment on the market spanning the years 2008 through 2010, when the apartment failed to sell, as far as we could ascertain. Ken Jacobs is now trying his luck with the sale and the price expectations certainly aren’t modest. The sales history for the 7-unit mansion conversion offer slight insight into the bullish price hopes for the cozy apartment. Units in Gladswood House first traded hands after its extensive renovation and extension in 1998 and only two of the seven have since then traded hands. Here’s the rundown:
- Unit 1: $3.4m, 1998
- Unit 3: $2.325m, 1999
- Unit 4: $1.806m, 2005
- Unit 5: $4.625m, July 2010 **best comp, similar size as Unit 2**
- Unit 6: $2.425m, 1999
- Unit 7: $2.15m, 1998
All impressive figures, no doubt, but they don’t quite reveal the status that Gladswood House once maintained. The Victorian Gothic mansion was constructed between 1862-64 out of land sliced from the Point Piper estate. Initially named ‘Seaford House’, then ‘Glenyarrah’, the name ‘Gladswood House’ was adopted in 1913 and stuck. The manse was constructed on a 3 acre block of land with its main entrance accessible from New South Head Road. After an initial subdivision in 1927 and a subsequent slicing in 1937, the property now rests on a 1/3 acre harbourfront parcel on the cul-de-sac Gladswood Gardens where it shares neighbours with a host of inter-war apartment blocks and one particularly impressive modern house. From 1937 onwards, the mansion served as a boarding house.
An 1880s image of Double Bay pier, taken from Darling Point, with ‘Gladswood House’ (then named ‘Seaford House’) prominently dominating the local landscape. A c1870s picture below reveals surprisingly mature landscaping for the 10-year old mansion.
Beginning in 1989 and continuing through the ’90s, the property was the subject of much debate, as Jonathan Chancellor reported, when erstwhile Sydney power players Alan Bond and Dr Robert Hampshire both jockeyed to acquire the house. Neither were successful in their acquisition and the home was developed into its existing seven apartments in 1998. The restoration of the public spaces was extremely well-executed, but the Radical Terrace can’t help but mourn the uninspiring modern extension at rear with its drop ceilings and complete lack of character channeling the greatness that once was
Seaford House Glenyarrah Gladswood House.
Impressive public spaces (above); uninspiring private spaces (below).
A very Sydney GPO-like integration of old and new in Unit 2’s entrance foyer (above) and bathroom (below).
The baronial master bedroom with its original fireplace and extensive ceiling woodworking, below.
The listing: 2/11 Gladswood Gardens, Double Bay
Click below for more images and a floor plan!