Redesigned Glebe terrace with $3.5m guide up for grabs

An inner-city Victorian terrace that last sold in 2021 has re-entered the market after a stunning renovation with price expectations over $1m higher than its previous sale price.

The four bedroom and three bathroom property at 12 Wigram Rd in Glebe had previously been purchased for $2.45m in December two years ago.

The facade of the Wigram Rd property in December 2021.

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Now Christian Kalcic, the owner and a builder who works for KDE Group, aims to sell the property with a guide of $3.5m

The terrace has 5m frontage with 3m ceilings and high-end finishes throughout.
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The property pictured before the renovation. It sold for $2.45m in December 2021.

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… And has since received a redesign.

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Mr Kalcic also replicated the style of Victorian terraces in 1886, by using imported Italian marble and handmade tiles with ceiling roses and cornices.

BresicWhitney’s Luke Grosvenor is handling the listing and said the property would receive a high level of interest with its north-to-rear aspect and location that allowed buyers to walk into the city.

“When the market’s changing, buyers tend to shift their focus more deliberately towards quality and the value proposition of a home.

How the terrace looked before the renovation.

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How the terrace looked after the renovation.

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“In and around the Inner West we are seeing this take the form of good demand for newly renovated homes, and we expect the campaign for this property to reflect that.”

Mr Grosvenor said the vendors spent most of their time in the property restoring and renovating it, adding contemporary touches such as oak flooring and a butler’s pantry.

While some areas in the Inner West slowed down over the Christmas period, there were a number of notable sales in Glebe during December.

The property has a buyers guide of $3.5m.

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A view of the newly renovated bedroom.

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These include 35 Allen St which sold for an anticipated price over $5m, and a property at 56 Wigram Rd that sold for $3.55m.

Both properties were sold via BresicWhitney and were federation or Victorian residences that had been recently renovated.

“Glebe remains a favourite among buyers who loved its blend of culture, connectivity and neighbourhood feel. Key 2022 sales results reflected this ongoing demand, and we anticipate this will remain a theme over the next 12 months.”
The property is set to be auctioned off on the 22nd February.