
REVEALED: Riverside property sold for triple its value in four years
Article originally posted on realestate.com.au
A Riverside property has sold for a triple of its value compared to four years ago.
The newly built five-bedroom, five-bathroom prestige home at 62 Toorak Road, Hamilton has been bought by a local family for $10m in a private treaty deal.
The three-storey home went under construction from scratch after it was sold for $3.4m in 2019 after first being built in 1925.
Project Director at YPM Group Teneriffe Phillip Rand said the property deserved a premium price as it was renovated and re-designed.

The property is positioned on a generous hilltop 1,271sqm block and boasting 997sqm of floor space and 30m of street frontage. 62 Toorak Road, Hamilton
“Homes like these come at a premium, and this is one of our highest residential home sales in Hamilton to date,” Mr Rand said.
“The Melbourne-based developer undertook a substantial premium or high-quality renovation to the property for about two and a half years.
“They spent a lot of time, energy, effort and investment into ensuring that the house was delivered to the highest specification possible to achieve a substantial price outcome.”
This newly and extensively renovated home has 3.2m high ceilings, abundant natural light, and premium finishes throughout, exuding a sense of space and luxury.

The beautiful back garden with landscaped lawns provides a tranquil oasis, complete with a swimming pool and cabana framed to capture the lights of the city as your backdrop. 62 Toorak Road, Hamilton.
An open-plan layout featured on the ground floor seamlessly integrates the living, dining, and kitchen spaces.
The dining area, perfect for entertainment, is a profiting space in keeping with the scale of the home.
Floor-to-ceiling windows in the living room provide panoramic city, river, and mountain views, creating a haven of comfort.
Mr Rand said the property’s unique views are scenic because of its hilltop location.
“The most amazing part of the property is the hilltop position with views of the city and the Brisbane River, and it has its own wine cellar and tasting room downstairs,” he said.

The 1271 sqm home has a beautiful back garden with landscaped lawns. It provides a tranquil oasis with a swimming pool and cabana framed to capture the city’s lights as your backdrop.
Mr Rand said there is a high demand for newly built or re-renovated homes, and the Brisbane market looks to lead the way this year.
“Properties like these are in very strong demand for high calibre, high quality, well located residential properties,” he said.
“I think there’s currently an undersupply of this type of property due to the construction climate being very challenging for many developers.”

The home offers a perfect blend of style, luxurious comfort and functionality, this residence is an embodiment of modern living at its finest. 62 Toorak Road, Hamilton.
“So I see whenever there’s a completed property of this calibre of new developments, then there’s always a lot of demand and interest in these properties because they’re irreplaceable and very hard to replicate.”
“Brisbane will be one of the city’s leading property markets this year with the great lifestyle it provides and CBD being a really attractive area, and people are relocating now.”