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Mystery millionaire buys his daughter $2m terraced house in Sydney

A mystery millionaire has bought his daughter a $1.97million house for her 23rd birthday.

The three-bedroom terrace in Darlinghurst, inner-eastern Sydney sold at auction last week. Estate agents revealed the highest bidder bought the house for his daughter but did not disclose his name.

The house, which needs a lick of paint, has been kept in almost the same condition as when it was last sold in 1976 – and still has the former owner’s Chinese artifacts lying around. 

How the other half live! A mystery millionaire has bought his daughter a $1.97million house (pictured) for her 23rd birthday

Upstairs: The three-bedroom terrace in Darlinghurst, inner-eastern Sydney sold at auction last week for $1.97million

Upstairs: The three-bedroom terrace in Darlinghurst, inner-eastern Sydney sold at auction last week for $1.97million

The garden: Estate agents revealed the highest bidder bought the house for his daughter's present but did not disclose his name

The garden: Estate agents revealed the highest bidder bought the house for his daughter’s present but did not disclose his name

Agents McGrath advertised the house by writing: 'Set on an oversized plot, on a quiet leafy street, moments from the best cafe lifestyle, this enormous original-condition Victoria-era terrace is the blank canvass renovators and developers with vision crave.'

Agents McGrath advertised the house by writing: ‘Set on an oversized plot, on a quiet leafy street, moments from the best cafe lifestyle, this enormous original-condition Victoria-era terrace is the blank canvass renovators and developers with vision crave.’

The house, which needs a lick of paint, has been kept in almost the same condition as when it was last sold in 1976 - and still has the former owner's Chinese artifacts (right) lying around

The house, which needs a lick of paint, has been kept in almost the same condition as when it was last sold in 1976 – and still has the former owner’s Chinese artifacts (right) lying around

Agents McGrath advertised the house by writing: ‘Set on an oversized plot, on a quiet leafy street, moments from the best cafe lifestyle, this enormous original-condition Victoria-era terrace is the blank canvass renovators and developers with vision crave.’

This is not the first time a parent has hit the headlines by buying an expensive property for their children.

Last May, a 13-year-old boy became one of Australia’s youngest property investors after buying a $552,000 house with his parents’ money.

Akira Ellis snapped up the 575 square metre four-bedroom, one-bathroom home in Frankston, Melbourne when he was still 12. 

Last May, a 13-year-old boy (pictured with his mother) became one of Australia's youngest property investors after buying a $552,000 house with his parents' money

Last May, a 13-year-old boy (pictured with his mother) became one of Australia’s youngest property investors after buying a $552,000 house with his parents’ money

Akira Ellis snapped up the 575 square metre four-bedroom, one-bathroom home (pictured) in Frankston, Melbourne - when he was still 12

Akira Ellis snapped up the 575 square metre four-bedroom, one-bathroom home (pictured) in Frankston, Melbourne – when he was still 12

‘Buying a house can be quite scary, especially when it’s your first purchase and renovation – there are so many things to think about,’ he said. ‘It’s a big investment and a mistake can cost you a lot.’

In June a father concerned by Sydney’s housing affordability crisis bought his children, aged ten and seven, a $1.5million home as a ‘safety net’.

Project manager Mathew, who declined to give his surname, purchased a three-bedroom terrace home in Marrickville, Sydney’s inner-west for $1,555,000.

He told Daily Mail Australia the house is for his daughters Ivana, ten, and Yolanda, seven, who he is worried will be priced out of the market when they are older. 

In June a father (pictured with is wife and daughters) concerned by Sydney's housing affordability crisis bought his children, aged ten and seven, a $1.5million home as a 'safety net'

In June a father (pictured with is wife and daughters) concerned by Sydney’s housing affordability crisis bought his children, aged ten and seven, a $1.5million home as a ‘safety net’

Project manager Mathew, who declined to give his surname, purchased a three-bedroom terrace home (pictured) in Marrickville, Sydney's inner-west for $1,555,000

Project manager Mathew, who declined to give his surname, purchased a three-bedroom terrace home (pictured) in Marrickville, Sydney’s inner-west for $1,555,000

In December, Melbourne parents Barbara and Adam Anagnostiadis bought their pre-teen children an apartment each to save them forking out ‘millions’ later in life.

Siblings James, seven, and Aiva, 10, are proud owners of two ‘almost identical’ one-bedroom units in the sought-after suburb of Bentleigh East – both priced at about $400,000.

The parents, who run a concrete pumping business, feared their children wouldn’t be able to afford to enter the property market by the time they were ready to move out.   

In December, Melbourne parents Barbara and Adam Anagnostiadis (pictured) bought their pre-teen children an apartment each to save them forking out 'millions' later in life

In December, Melbourne parents Barbara and Adam Anagnostiadis (pictured) bought their pre-teen children an apartment each to save them forking out ‘millions’ later in life

Siblings James, seven, and Aiva, 10, are proud owners of two 'almost identical' one-bedroom units (pictured) in the sought-after suburb of Bentleigh East - both priced at about $400,000

Siblings James, seven, and Aiva, 10, are proud owners of two ‘almost identical’ one-bedroom units (pictured) in the sought-after suburb of Bentleigh East – both priced at about $400,000



Read more at DailyMail.co.uk


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