The home at 12 Rous St, Hendra, sold for $900,000 at auction.Ray White Albion’s Jon Finney said the vendors inherited the home at 12 Rous St, Hendra from their mother, who paid $50,0000 for it in 1984, according to CoreLogic data. Bidding at the property also started at $650,000 and Mr Finney said it “progressed very quickly in $50,000 leaps” before gavel was stuck down at $900,000. “It was sold to a young couple who will renovate,” Mr Finney said.“He’s a young builder (and) it will no doubt turn into something special.” It sits on a massive 911sq m block.They then rose in $100,000 increments until reaching the $3,500,000 mark, when two more bids of $50,000 were made and bidding stalled.After consultation with the vendor, the home sold under the hammer for $3,700,000. The home at 12 Rous St, Hendra, sold for 18 times what it was bought for in the 80s.A HOME in Brisbane’s north has sold at auction yesterday for a staggering 18 times what it was purchased for in 1984.About 50 people watched on as bidders battled it out for the 88-year-old Queenslander yesterday morning. One of the bedrooms at 42 Beeston St, Teneriffe.Mr Lancashire said the new owners were a family who had only viewed the property two days prior to auction.“They are a beautiful, young, professional family who are local,” Mr Lancashire said.“They were looking at the potential of renovating their current home, but as they’re both busy professionals they found this property had a lot of the things they wanted and moved heaven and earth to make it happen.”Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 10:02Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -10:02 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p270p270p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenJune, 2018: Liz Tilley talks prestige property10:02 With a lick of paint, the home at 12 Rous St will be as good as new.Mr Finney said the home had once belonged to horse trainer Doug Bougoure, who had a stable out the back and housed his jockey’s in the property.More from newsNew apartments released at idyllic retirement community Samford Grove Presented by Parks and wildlife the new lust-haves post coronavirus17 hours ago“I’m told by the owner’s daughter that her mum was a keen horse woman, so I can imagine she would have been very happy to have lived here,” Mr Finney said. The home at 42 Beeston St, Teneriffe, sold for $3,700,000.Meanwhile at Teneriffe, two bidders battled for the contemporary home at 42 Beeston St.The property was rare for inner-city Brisbane as it sat on a massive 911sq m block, which backed onto Teneriffe Park.Ray White New Farm principal Matt Lancashire said about 35 spectators turned out to watch the action, with two of the three registered bidders participating in active bidding.Bidding opened at a staggering $3,000,000 for the two-level residence, which had an internal area of 524sq m.