It’s rare to see a luxurious waterfront gem like this one hit the market in Wellington – a three-storey historic home that was renovated with no expense spared.
Craig Lowe of Lowe & Co, who is listing the Oriental Parade property with Elise Boulieris, says the property was extensively renovated prior to a mortgagee sale in 2017, and he believes it had been a multi-million-dollar refit. The owners listed on the title prior to the 2017 were Spyros Basil Papageorgiou, Angelos Basil Papageorgiou and Georgina Artemis Papageorgiou who had owned the property since 2005.
“We’ve never seen anything like this interior fit-out,” Lowe says. “The quality is surreal – there are even secret rooms and hidden compartments.” The listing says the property will be sold for “a fraction of the construction costs.”
The house was built in the 1930s, and restored to retain the Georgian Revival-style character by the earlier owners. It has a massive floor area of 534m², comprising two living rooms, two dining rooms, one games room, three large bedrooms all with individual ensuites, and a spectacular study.
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Every room has been given a bespoke treatment, with great attention to French-polished wood paneling throughout the circulation areas in particular, numerous French doors, elaborate floor tiling and decorative plasterwork.
The traditionally styled kitchen, with polished wood cabinetry, was designed to be fit for a Michelin-star chef – there’s a separate butler’s pantry, marble splashback and massive 180mm-wide Grand Palais La Cornue double oven from France.
Despite the era, the house has every modern convenience, including a multi-unit air conditioning system.
Most rooms face north out to Oriental Bay, but there are also sheltered, sunny outdoor living areas at the side and rear of the house.
The property is offered for sale by tender (February 2, 2023), with expressions of interest invited over $4.65 million, which is the current RV. The property fetched $3m in the 2017 sale.
In April, 2022, a nearby property at 348 Oriental Parade, sold for $5.3 million. That property is 391m², with four bedrooms.