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The luxurious Gold Coast mansion of AFL legend Lance ‘Buddy’ Franklin and Miss Universe Australia Jesinta Franklin has officially hit the market, sparking significant interest and speculation. The couple purchased this opulent property in the serene suburb of Reedy Creek, just behind Burleigh Heads, for an impressive $8.75 million in 2022. Now, only 18 months later, they have decided to sell this stunning mansion, and Property Pricer is here to predict the potential sale price using our advanced property valuation tools.
Key Property Details
- Purchase Price (2022): $8.75 million
- Current Valuation: $10.63 million (Property Pricer)
- Property Features:
- Expansive opulent mansion
- Unique architect design
- 7 spacious bedrooms
- 8 luxurious bathrooms
- Accommodation for 4+ cars
- Prime location behind Burleigh Heads on the Gold Coast
- Situated on a large block of land
Property Pricer’s Prediction
Based on the unique features of the Franklin’s mansion, its prime location, and the booming Queensland real estate market, Property Pricer has utilised its unique calculation method to predict the property’s selling price. Our prediction leverages a comprehensive property points rating system that considers various factors influencing the property market.
Predicted Selling Price:
- Most Likely: $10.6 million
- Potential High (in case of a bidding war): Up to $11.9 million
- Potential Low (buyer wariness): As low as $8.6 million
These predictions reflect the mansion’s luxurious nature, unique architectural design, and the current dynamic market conditions in Queensland.
The Franklin’s Opulent Mansion
The Franklins’ mansion is a testament to luxury and modern architectural design. Situated on a sprawling estate in Reedy Creek, the property offers an unparalleled living experience with its seven spacious bedrooms, eight luxurious bathrooms, and expansive living areas. The mansion features a contemporary design with high-end finishes, expansive glass windows, and open-plan living spaces that seamlessly blend indoor and outdoor living.
The property’s unique design elements and top-of-the-line amenities make it stand out in the competitive Gold Coast market. Highlights include a state-of-the-art kitchen with premium appliances, a resort-style swimming pool, and meticulously landscaped gardens. The home is perfect for entertaining, with multiple living areas, a home theatre, and extensive outdoor spaces.
Understanding the Prediction
Current Valuation:
Our current valuation of $10.63 million takes into account the property’s unique features, including its grand design, extensive amenities, and prime location on the Gold Coast. The rising property market in Queensland also contributes significantly to this valuation.
Most Likely Scenario:
Given the mansion’s appeal and the current demand in the market, we predict a selling price of around $10.6 million. This figure aligns with market trends and the value added by the property’s exclusive features.
High Scenario:
In the event of a bidding war, which is not uncommon for high-demand properties like this one, the price could soar up to $11.9 million. This scenario considers aggressive competition among potential buyers eager to own such a prestigious property.
Low Scenario:
Conversely, if buyer wariness comes into play, possibly due to market fluctuations or other external factors, the selling price could drop to as low as $8.6 million. This scenario, although less likely, is considered to provide a comprehensive range of possible outcomes.
The Market Context
The Gold Coast property market has seen a significant surge in recent years, driven by increased demand and limited supply. Properties like the Franklin’s mansion, with their unique appeal and prime location, are particularly sought after. The area’s lifestyle benefits, including proximity to pristine beaches, top-rated schools, and vibrant dining and entertainment options, further enhance its attractiveness to buyers.
As the market continues to boom, high-end properties like this one are expected to perform well, attracting interest from both local and international buyers. The combination of luxury, location, and market conditions positions the Franklin’s mansion as a prime investment opportunity.
The sale of Lance ‘Buddy’ and Jesinta Franklin’s mansion is undoubtedly one of the most anticipated property events on the Gold Coast this year. With Property Pricer’s advanced valuation tools and in-depth market analysis, we offer a well-rounded prediction of the potential selling price, helping buyers and investors make informed decisions. As the auction date approaches, it will be fascinating to see how the market responds and where the final sale price lands.
Stay tuned to Property Pricer for more updates and detailed analyses on this and other high-profile property sales. Our commitment to delivering accurate, thorough, and insightful property valuations remains unwavering, ensuring you are always equipped with the best information to make your next property decision.
