Cate Blanchett finally sells her $21 million Sydney mansion
After a false start, actor Cate Blanchett and playwright husband Andrew Upton have finally sold their trophy Sydney mansion, Bulwarra.
The Hunters Hill house had been sold to a Chinese buyer last year, who defaulted on the deal after being unable to get funds out of China.
That sale not only made headlines because of the A$19.9 million (NZ$20.84m) price, which was 60 per cent higher than the previous suburb record, but also because it sold within three weeks of being listed.
Blanchett and Upton stuck to their guns, however, not dropping their A$20m asking price and it appears to have paid off. Domain reports that exclusive listing agent Ken Jacobs of Chrisie's International Real Estate has confirmed the property has been sold, although he would not disclose the price.
A source said there were two to three interested parties in the property before it was sold to a local buyer.
Blanchett was in New York when the exchange took place, having made her Broadway debut on Sunday night in the Sydney Theatre Company's The Present. The play, co-starring Richard Roxburgh, is an adaptation of Anton Chekov's Platonov written by Upton.
The sale is again expected to set a record for the suburb. But the buyer has bought a beauty. Blanchett and Upton are reported to have spent $8m on refurbishing the property over three years. The renovations, designed by architects Nadine Alwill and Stephen Lesiuk, almost doubled the size of the house, to 3642 square-metres. They included a new self-contained apartment built beneath the swimming pool.
Special features of the riverfront property include a tennis court on the riverfront, and beautiful gardens designed by Will Dangar.
Originally named Erigola, Bulwarra was built in 1887. It was first owned by brick manufacturer Herbert Oswin Weynton, who sold it in 1904 to Arnotts Biscuits company chairman Halse Rogers Arnott for £750. Blanchett and Upton bought it in 2005, for $10m, from merchant banker Jim Dominguez and his wife Suzanne.
The Blanchett-Upton family has since moved into the historic English manor in East Sussex they bought in 2015 for £3 million (NZ$5.1 million).