“Daly Road Baby” returns to the market

87-89 Darley RD, Randwick has a $20 million price guide 18 months ago. There is now a $14 million guide for the October 23 auction.

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The residence of retired Publican Robart Richards and his wife Mary Lou’s Grand Randwick has returned to the market with a more attractive price guide 18 months ago.

With the trophy fired, agents expect that the seven-bedroom home overlooking the Centennial Park at 87-89 Darley Rd will still break the $1.435 million suburban record set in 2023.

Last year, Ray White Double Bay’s Kate Smith and principal Elliott Placks provided a $20 million guide to the incredible home in a 1,349 square metre block called “Darly of Darley Rd”.

It didn’t find a buyer at the time, but the two were confident that it would conduct a guide to the October 23 auction with its new $14 million guide.

“It’s likely to break the record in the suburbs of Randwick,” Smith said.

“The market has been cancelled and confidence is high.

“Selling in the prestigious real estate market so far has been impressive, with Randwick’s new suburban record going to be the highest cherry.”

The Ray White Double Bay team lags behind the top three this year, including the waterfront that costs more than $60 million.

More:

Sydney homes are selling at $15 million

There is a BBQ area and studio/pool room overlooking the heated pool.

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The suppliers align with the Victorian grandeur of the house, with a series of modern updates.

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The house is located in a 1,349 m2 block.

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The property, known as “Swan Island”, was built for Army Colonel in 1906, and his soldiers wore red and gold braids in the entire army as they salute on the balcony.

But it has been the home of the Richards family for the past 24 years, buying it for $2.02 million in 2000.

Its first boss, Colonel William Farrell, lived in the big residence with his wife Francis and their five children, Charles, William, Fanny, Charlotte and Louise.

St Judes Chand Church in Randwick uses it for monthly service, while the family continues to live there, and the daughter stays until 1945 after the death of her parents.

The huge house remained vacant until it was converted into a private hotel in 1954 and returned to its private residence in 1960.

There are seven bedrooms.

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The original formal and leisure living area has noble ceilings…

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…and solid wood floors and lead lamp windows.

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Suitable, the current owner has a long connection with the hotel, Robert Richards was a shareholder in Darlinghurst in 1992, and in Rocksia, Rockdale between 2012 and 2020.

They match the Victorian grandeur of the house, and they have a series of modern updates – the original formal and casual living area has noble ceilings, solid wood floors and lead-lighted windows.

The modern kitchen features stone island benches, premium clinical gas stove, Miele dishwasher and butler’s pantry.

Outside, there is a BBQ area and studio/pool house overlooking the heated pool.

New residents will have the option of four bathrooms, two with bathtub, shower and double vanity.

It will also be a great place to work from home, research on both levels and a private suite for guests.