Australia's most-expensive terrace is back on the market

Australia’s most-expensive terrace is back on the market and it’s better than ever.

Saraville in Potts Point set the record for the country’s priciest terrace when it transacted in 2017 and the campaign is underway to hand the glamorous icon to its next owner.

This time, price hopes are $20 million to $22 million. At this fresh level of luxury, it again would set a record price for an Aussie terrace.

Expressions of Interest

29 Challis Avenue, Potts Point NSW 2011

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The Challis Avenue address is one of the great homes of Sydney, crafted in a romantic Italianate style.

Agents Geoff Cox and Jason Boon of Richardson & Wrench Elizabeth Bay/Potts Point are looking after the campaign.

Saraville was last sold for $13 million. That sum obliterated the previous benchmark for an Aussie terrace, which was the $7.3 million paid for fashion designer Collette Dinnigan’s Paddington home in 2011.

The estate’s handsome 9.15-metre frontage, accented by an elegant navy door, sets the tone for the grand volume within.

Fixtures and fittings imported from the US and Europe, including Moroccan tiles in the courtyards, speak to how thoughtful and meticulous the renovation was.

White columns in the front courtyard, arches, chandeliers and leadlight windows nod to its 1890’s heritage.

“Perfect north aspect and CBD skyline glimpses from the upper floors, it combines historic charm with modern conveniences,” the listing explains.

A pleated designer bath tub graces the main bedroom, which occupies the second floor.

Multiple balconies, an entry level terrace which flows from the open-plan living room and a void above the private courtyard invites light and air. The vertical garden is an oasis in the beating heart of cosmopolitan Sydney.

Boon and Cox are conducting an expressions of interest campaign for 29 Challis Avenue, Potts Point.