Landmark 1906 Ascot estate ‘Reedy’ hits market after 58 years

Situated on a rare parcel across four lots, the landmark circa 1906 property at 149 Lancaster Road, Ascot offers a blend of restored heritage, architectural pedigree, and exceptional privacy.

Ray White Ascot selling agent Nick Roche is marketing the property with best offers by 8 September.

Mr Roche highlighted the rarity of the offering in the current Brisbane market.

“Holdings of this scale in Ascot - 1,640sqm across four separate lots with a 34.3-metre frontage - are virtually non-existent. The block also offers the rare opportunity to accommodate a tennis court, further enhancing the property’s appeal and scarcity," Mr Roche said.

"Remarkably, the home has not changed hands in nearly 60 years!”

“Reedy isn't just a home; it's a piece of Brisbane history. What makes it so compelling is the balance: you have perfectly preserved 1906 character, a Vokes & Peters architect-designed addition, and incredible scope for the next owner to add value using the existing architectural plans.”

Inside, the grand layout features six spacious bedrooms, four bathrooms, a home office, a family study, and a refrigerated wine cellar. 

Formal lounge, living, and dining rooms centered around original fireplaces anchor the upper level, while a wraparound enclosed verandah with a bar, a quiet sitting room, and outdoor patios overlook the private lawn and swimming pool.

Downstairs, three multi-purpose rooms provide exceptional flexibility for hobbies, storage, or future expansion.

Traced back to the historic Nyrambla Estate subdivision, the home retains more than 120 years of original craftsmanship, including 4 metre pressed metal ceilings, stained glass, marble fireplaces, and original Bakelite door hardware.

Interiors feature custom Karen Walker paint palettes from Resene, designed to complement art, while functional updates include an architectural three-car garage designed by Stuart Vokes of Vokes & Peters - complete with an available masterplan for future expansion.

The sellers said the house has a character that has never faded in more than 120 years, and the craftsmanship is still so well preserved.

“People often describe it as grand, and that word truly fits - not because it is showy or formal, but because it has a generosity of space and spirit.

“Honestly, it's all about location, and I would say there is a reason why this is one of the best locations in Brisbane - you're near the river, Racecourse Road is a short walk away, near New Farm and the city for entertainment, and just 10 minutes to the airport.