The pair created one grand home by conjoining two adjoining late-Victorian terraces. Ms Bailey first bought 240 Glenmore Road for $3.725 million in 2015. She spent $5 million on the neighbouring terrace when it hit the market the following year.
The kitchen-dining area opens onto an entertaining terrace with plunge pool and rear-lane access.
Now, Ms Bailey has sold the home to start a new project, which will be an interior revamp minus the major construction of the Paddington project.
“We are super excited for our next adventure without the build – just the fun stuff,” Ms Bailey said.
Previously, Ms Bailey had renovated and redesigned multiple family homes in New Zealand, England, Brisbane and Sydney’s Palm Beach (the latter sold to Toby Allen of Akuna Capital last year for about $13.5 million) while raising her four children.
The lower-ground level features a bar, wine cellar and media room.
Mr Longhurst – who took over the listing from another agent – sold the home to an unidentified buyer on Saturday before its scheduled auction.
He said the property’s renovated rear was north-facing and light-filled, which set it apart from Paddington’s narrow terraces, which are often quite dark.
“I think the selling attributes were clearly the width of the double fronted terrace, the street presence it gave, and that – coupled with its northern orientation – made it arguably one of the best Paddington residences.”
Mr Longhurst said local downsizers were making up the bulk of Paddington’s prestige buyers.
“The most predominant buyer profile is downsizers from the north and the east who have just sold the big family home and have become empty-nesters.”
However, Mr Longhurst’s $14 million record may be short-lived, given a nearby penthouse guiding $20 million is on the market and scheduled for auction on June 24.
The four-bedroom penthouse, owned by retired selling agent Peter Ledgerwood, occupies the top floor of the redeveloped former Royal Hospital for Women building.
Complete with city views, the 581-square-metre penthouse comes with garaging for five cars, a library and calacatta marble kitchen.
The penthouse is listed with The Agency’s Ben Collier.