149 Lancaster Rd, Ascot is on the market.
A historic estate has hit the market, offering 1,640 sqm across four blocks in one of Brisbane’s most tightly held suburbs.
Situated in Ascot, the landmark circa 1906 property at 149 Lancaster Road, has been held by the same family since 1968.
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The landmark circa 1906 property at 149 Lancaster Road, is for sale for the first time since 1968.
Offering a blend of restored heritage, architectural pedigree, and privacy, it’s on the market with Ray White Ascot agent Nick Roche.
Mr Roche highlighted the rarity of the offering in the current Brisbane market.
“Remarkably, the home has not changed hands in nearly 60 years,” he said.
“Reedy isn’t just a home; it’s a piece of Brisbane history.
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The property features a pool.
“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.”
“The block also offers the rare opportunity to accommodate a tennis court, further enhancing the property’s appeal and scarcity.”
Property records reveal Reedy was on the market briefly in 2016 and 2024.
Traced back to the historic Nyrambla Estate subdivision, the home retains more than 120 years of original craftsmanship, including 4m pressed metal ceilings, stained glass, marble fireplaces, and original Bakelite door hardware.
Inside, the layout includes six bedrooms, four bathrooms, a home office, a family study, and a refrigerated wine cellar.
Formal lounge, living, and dining rooms centred around original fireplaces anchor the upper level, while a wraparound enclosed veranda with a bar, a sitting room, and outdoor patios overlook the private lawn and swimming pool.
Downstairs, three multipurpose rooms provide flexibility for hobbies, storage, or future expansion.
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 had a character that has never faded in more than 120 years.
“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,” they said.
“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.”
The sellers said they also love the garage, designed by Stuart Vokes of Vokes and Peters.
“It brings a modern twist to the property but is also beautiful to look at in its own right – as practical for storing cars as it is lovely for hosting parties,” they said.
“Yet the moment you step back outside the gate, the neighbourhood comes alive.”
Expressions of interest close September 8.
