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Luxury Alexandria warehouse conversion smashes records to become the most expensive home in the

An industrial warehouse converted into a three-bedroom family home is now the most expensive house in one of Sydney’s trendiest up-and-coming suburbs, after selling for a cool $3.6million.

The building in Alexandria, four kilometres south of the CBD, was converted into a two-storey terrace in 2002, but the striking charcoal façade still makes it stand out from the typical city houses built cheek-by-jowl on either side.

Two open-plan living areas, marble bathrooms and a luxury kitchen fitted with designer appliances sprawl over 416 square metres of floor space – almost twice the size of the average New South Wales home which was 220.3sqm in 2018, according to figures from the Australian Bureau of Statistics

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This industrial warehouse converted into a three-bedroom family home is officially the most expensive house in one of Sydney's coolest up-and-coming suburbs after selling for $3.6million

This industrial warehouse converted into a three-bedroom family home is officially the most expensive house in one of Sydney's coolest up-and-coming suburbs after selling for $3.6million

This industrial warehouse converted into a three-bedroom family home is officially the most expensive house in one of Sydney’s coolest up-and-coming suburbs after selling for $3.6million

A library-inspired book case lines two walls in the downstairs living room

A library-inspired book case lines two walls in the downstairs living room

A library-inspired book case lines two walls in the downstairs living room

At the rear of the house is a four-car parking garage and a raised sunlit terrace (pictured), perfect for entertaining

At the rear of the house is a four-car parking garage and a raised sunlit terrace (pictured), perfect for entertaining

At the rear of the house is a four-car parking garage and a raised sunlit terrace (pictured), perfect for entertaining

Towering ceilings soar above both floors, with a spacious lounge and home office, laundry, bathroom and two smaller bedrooms downstairs and the main living-cum-dining area, kitchen and master ensuite with a walk-in wardrobe upstairs.

A library-inspired book case lines two walls in the ground floor living room, which has the potential to be turned into a study, home cinema or children’s play area. 

At the rear of the house – which can be accessed from two parallel streets – is a garage with parking space for four cars, and a sunlit terrace, perfect for entertaining.

Listing agent Brad Gillespie from Bondi realtors ‘The Agency’ said the house generated interest from the moment it hit the market, with over 100 interested buyers arriving for inspections. 

The building in Alexandria, four kilometres south of the CBD, was converted into a two-storey terrace in 2002

The building in Alexandria, four kilometres south of the CBD, was converted into a two-storey terrace in 2002

But the striking charcoal façade still makes it stand out from the typical city houses built cheek-by-jowl on either side

But the striking charcoal façade still makes it stand out from the typical city houses built cheek-by-jowl on either side

The building in Alexandria, four kilometres south of the CBD, was converted into a two-storey terrace in 2002

Two open-plan living areas sprawl over 416 square metres of floor space -  almost twice the size of the average NSW home

Two open-plan living areas sprawl over 416 square metres of floor space -  almost twice the size of the average NSW home

Two open-plan living areas sprawl over 416 square metres of floor space –  almost twice the size of the average NSW home

‘The combination of it being very spacious and almost twice the width of any terrace in the area made it popular,’ Mr Gillespie told realestate.com.au.

A private buyer from the inner-west snapped up the unique property at auction on Saturday for $3.6million, making it the most expensive house in Alexandria.

The suburb has been dubbed the ‘Cinderella story of the inner-south’, a rags to riches story which has seen it transform from scruffy, industrial outskirts to very desirable post code over the past 10 years. 

It’s home to an eclectic mix, with new high-rise apartment blocks attracting investors and quirky factory conversions drawing interest from families and well-heeled young professionals.

Listing agent Brad Gillespie said the house generated interest from the moment it hit the market

Listing agent Brad Gillespie said the house generated interest from the moment it hit the market

 Listing agent Brad Gillespie said the house generated interest from the moment it hit the market

Towering ceilings soar over marble bathrooms

Towering ceilings soar over marble bathrooms

And three sunlit bedrooms

And three sunlit bedrooms

Towering ceilings soar over marble bathrooms (left) and three sunlit bedrooms (one pictured right)

The one-of-a-kind home is the most expensive in Alexandria, a suburb dubbed the 'Cinderella story of the inner-south', a rags to riches story which has seen it transform from industrial outskirts to desirable post code over the past 10 years

The one-of-a-kind home is the most expensive in Alexandria, a suburb dubbed the 'Cinderella story of the inner-south', a rags to riches story which has seen it transform from industrial outskirts to desirable post code over the past 10 years

The one-of-a-kind home is the most expensive in Alexandria, a suburb dubbed the ‘Cinderella story of the inner-south’, a rags to riches story which has seen it transform from industrial outskirts to desirable post code over the past 10 years

The settled price is $600,000 more than the suburb’s previous high of $3million, which was set by the sale of a house on the same street in 2014.

The record-breaking sale comes at a time of increasing confidence in the Australian property market, as each state now appears to be slowly gaining control over the coronavirus crisis.

Mr Gillespie said the mood among prospective buyers is ‘very positive at the moment’ and largely mirrors the demand of spring 2019, months before the outbreak. 

Source: Daily Mail Australia | World News

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