Historic Fortitude Valley Home of Musical Pioneers Sells for $2.75 Million in Auction

The heritage home of Brisbane’s musical pioneers, the Benvenuti family, has sold for $2.75 million at auction on August 30, 2024. The sale price exceeded the reserve by over $1 million, marking the first time the property at 27 Agnes Street has changed hands since its construction over a century ago.



Photo Credit: SixtyFour Property
Photo Credit: SixtyFour Property

The Benvenuti family, Italian immigrants who arrived in Australia in the 1800s, significantly influenced Brisbane’s cultural development. Their four-bedroom, two-bathroom family home was one of three properties they built side by side over two decades, with number 27 serving as their primary residence.

Photo Credit: SixtyFour Property
Photo Credit: SixtyFour Property

The auction, conducted by David Holmes of Holmes Auctions, saw fierce competition among five registered bidders. Beginning with a vendor bid of $1.3 million, the property quickly went on the market at $1.7 million. What followed was described by Holmes as an “absolutely brutal mathematical test,” with 65 bids driving the price to its final figure.

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Photo Credit: SixtyFour Property
Photo Credit: SixtyFour Property

Ivo Kornel, agent at Sixty Four Property New Farm, reported that the winning bidder is a local Fortitude Valley resident. Kornel expressed surprise at the final sale price, which far exceeded initial expectations of $1.6-1.7 million.

Photo Credit: SixtyFour Property
Photo Credit: SixtyFour Property

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The Benvenuti family’s musical legacy in Brisbane dates back to the 1870s. They formed a four-piece orchestra with father Antonio on violin, and sons Luigi, Victor, and Italo playing double bass, piano, and flute respectively. Victor Benvenuti also gained recognition as a composer, known for works including ‘Britons to the Fore’.

Published 30-August-2024