_Historic Southern Highlands estate up for sale with price guide of $12m

July 19, 2023

A 4.54ha property known as Knoyle Estate at 4 Ranelagh Road in Burradoo, a suburb of Bowral in the NSW Southern Highlands, is up for sale
The property has a total of 2000sq m of internal space over four residences including a two-storey main residence and three guest houses
Knoyle Estate was built in the 1880s as a country retreat for Charles B Fairfax – the grandson of Herald founder John Fairfax – and his wife Florence
It first hit the market in at the start of 2022, but a fresh campaign is being launched by Knight Frank, with the property having a price guide of $12 million
While the estate is suitable for an owner-occupier, it also has a possible commercial uses and is also expected to appeal to investors and developers

Sydney, Australia – A grand country estate rich in history dating back to the 1880s located in the New South Wales’ Southern Highlands is up for sale with a price tag of $12 million.

The 4.54-hectare property at 4 Ranelagh Road in Burradoo, a suburb of Bowral, and known as Knoyle Estate, has a total of 2,000sq m of internal space with 31 bedrooms, 14 bathrooms and space for six cars over four residences, including the two-storey main estate and three guest houses.

Knoyle Estate first hit the market at the start of 2022, but a fresh campaign is being launched by Knight Frank agents Nathan Berlyn and Andrew Blake, with the property now having a price guide of $12 million.

It is being sold by the current owners, Gary and Maryanne Nolan.

Mr Blake said the property was expected to attract a variety of buyers, including owner-occupiers intending to live in it, as well as investors and developers, particularly given the size of the landholding and the multitude of options for the property moving forward.

“The property could be used in its current form as a grand home, but there is also the opportunity to repurpose the residence, as well as to develop, subject to council approval and hence for it to instead be a commercial acquisition,” he said.

“Other possible uses include a bed and breakfast or a country hotel with the demand for premium accommodation in the area, a luxury wellness retreat, a wedding or events venue, a cooking school, an art gallery or even as a retail outlet for antique dealers.

“There is also the potential for a group homes and seniors’ living.

“The property currently sits on three titles, with the potential for subdivision and dual occupancies.

“Not only is it on a large landholding, but its location is ideal, being just a three-minute drive from the thriving town of Bowral, with its café culture and village atmosphere.”

Mr Berlyn said the property was steeped in history, being of great historical significance for Bowral and having ties to the Fairfax family.

“Knoyle Estate was designed by London architect Maurice Adams and built in the 1880s as a country retreat for Charles B Fairfax – the grandson of Herald founder John Fairfax – and his wife Florence,” he said.

“It has had a variety of uses, being a boarding school at one point, and the additions over time have created an incredible offering, with complete privacy and wide pretty garden vistas.

“It’s also one of the largest landholdings and oldest gardens in the suburb of Burradoo and the Southern Highlands region.”

Majestically situated on the highest point in Burradoo, Knoyle Estate is architecturally and historically like another former Fairfax family estate, Elaine, one of Sydney Harbour's most significant properties.

The Queen Anne style has influences of the Gothic Revival and Arts and Crafts style, with features of the main residence including an impressive entrance leading to a vast stair hall with sweeping cantilevered cedar staircase, detailed plaster arches, impeccably designed bay windows and 13-inch ceilings.

The park-like gardens feature rare specimen trees, lush green laws and beautiful flowers with century-old trees, mature plantings and full arch canopies, as well as an incredibly rare, permanent seven-level private labyrinth, a rewarding source of relaxation, refreshment and insight.

According to Knight Frank Research there were 147 prime sales ($2m+) that transacted in the Southern Highlands over 2022, with a total sales volume of $432 million.

Prime home values rose from an average $2.886 million in 2021 to be an average of $2.959 million in 2022.

Over the first quarter of Q1 this year there have been 25 prime settled sales tallying to $81.3 million, with the average sale price rising further to now be $3,388,500.

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For further information, please contact:

Vanessa De Groot – Marketing & Communications, Knight Frank
Vanessa.degroot@au.knightfrank.com +61 410 460211

Notes to Editors
Knight Frank LLP is the leading independent global property consultancy. Headquartered in London, Knight Frank has more than 16,000 people operating from 384 offices across 51 territories. The Group advises clients ranging from individual owners and buyers to major developers, investors and corporate tenants. For further information about the firm, please visit knightfrank.com.