Satterley snaps up a $17.5m bargain

Home buyers are being urged to be realistic and look further afield when hunting for a new home.

Nigel Satterley has paid $17.5 million for Chiritta in Peppermint Grove. Picture: Supplied Source: PerthNow

MILLIONAIRE Perth property developer Nigel Satterley has snapped up a $17.5 million bargain, buying one of Western Australia's most historic and prestigious homes for well below the listed price.

The prestigious Peppermint Grove property of Chiritta, which dates back to the late 1890s, was bought by Mr Satterley today for one of the highest prices ever paid for a property in WA.

But it was a lot less than originally hoped for by the owners Ann and Denis Cullity, founders of Channel 9 Perth, after it was listed earlier this year for $25 million.

GALLERY: See photos inside Nigel Satterley's Peppermint Grove home Chiritta

The property was originally built by Augustus Roe, the former police magistrate of Western Australia and the son of John Septimus Roe, WA's original surveyor-general and one of Perth's founding fathers.

Chiritta in Peppermint Grove boasts amazing views of the Swan River. Source: PerthNow

The 4080 square metre property boasts seven bedrooms, including an attic room, six bathrooms and two studies.

But it is the blue-chip location of Peppermint Grove on the edge of the Swan River that makes it one of the most expensive houses in Perth's history.

In 2009, a Mosman Park property sold for $57.5 million - the highest price ever paid for a house in Australia at the time. And in 2007, a home in leafy Claremont sold for $23 million.

Chiritta also features grand formal drawing and dining rooms, a study, two offices, a sunroom, a family room, an informal dining room and a five-car garage.

Nigel Satterley has paid $17.5 million for historic Chiritta in Peppermint Grove. Picture: Supplied. Source: PerthNow

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