A gothic sandstone mansion has broken a record in Adelaide, selling for $4 million.
According to CoreLogic, it is the highest residential sale for the suburb of Adelaide.
The six-bedroom home at 263 East Tce, Adelaide was sold after nearly 500 days on the market by Ouwens Casserly Real Estate.
The home, which is also known as St Corantyn, has had a long history.
It was built in 1891 for owners of the York Hotel in Rundle Street and later bought by Sir John Lavington Bonython, a notable South Australian journalist.
After Bonython passed away in 1960 the house was purchased by the state govermnment.
The vendors said they bought the home for around $800,000 in 1993 and that it was “almost derelict at the time”.
The median house price in Adelaide is currently pushing $820,000 which means that St Corantyn sold for over $3 million above the suburb’s median price.
The new owners say they have big plans to restore the home to its former glory.