Historic Brisbane home Grangehill sells for $2.8 million

A heritage-listed property dating back to 1860, located in Brisbane’s Spring Hill suburb, has changed hands for $2.8 million. The house, known as ‘Grangehill,’ was bought by local investors Caroline and Grant Fraser from its previous owners, the Stoyle family.

The transaction was facilitated by Knight Frank’s Christian Sandstrom and Ray White’s Patrick Goldsworthy. Built originally for Alexander Raff, a significant political figure of his time, the house has seen various historical phases. The property even served as a residence for the Discalced Carmelite Fathers, as evidenced by the ‘Cloister’ glass panel in the main hallway.

The home is situated on a 731 square metre plot and features six bedrooms—or five plus a library—two bathrooms, and a powder room. It offers numerous period features, such as wraparound verandas on both levels that offer breathtaking views of the city and The Old Museum. Other features include a formal living and dining room with a marble fireplace, a spacious kitchen, and secure parking for six cars via Gregory Terrace.

Heritage details that enhance the property include high ceilings—3.6 metres downstairs and 3.4 metres upstairs—as well as two chimney stacks, two fireplaces, hoop pine floors, and classic architectural details like architraves, ceiling roses, chandeliers, bay windows, French doors and ornate cornices.

“We are honoured to own a part of Brisbane’s history. Our plan over the next few years is to restore this property to its former glory while respecting its historical significance,” said buyer Caroline Fraser.

The property attracted considerable interest during its sales campaign, with over 50 groups viewing it. This included several descendants of the original Raff family. The home appealed to a variety of prospective buyers, from families wanting to be close to schools, to those considering its use for office space, medical centres, or boutique short-term accommodation. Its ample basement parking was a particular drawcard.

Patrick Goldsworthy noted that heritage homes like Grangehill typically generate a lot of market interest. “It was crucial to find a buyer willing to invest the right amount of capital to restore this magnificent historic residence,” he said.

Christian Sandstrom added that the home’s location, size and grandeur contributed to its appeal. “Grangehill is an iconic property in Brisbane, and its prime location offers plenty of amenities and city views, adding to its desirability,” he said.

This sale reaffirms the strength of Brisbane’s high-end property market, which continues to grow robustly, attracting both local and outside interest.