Fairytale auction ending for Gold Coast cottage inspired by Jack and the Beanstalk

first_imgThe new owners of 5A Magnetic Drive, Tamborine Mountain, hope to live happily ever after.MAGIC beans weren’t traded to secure the keys to a Jack and the Beanstalk-inspired cottage but it was a fairytale ending to a competitive auction. Seven bidders vied for the keys of the enchanting cottage in the Hinterland, which was built by an English author. A drawn-out auction where 21 bids were placed saw the hammer fall at $655,000 for the property at 5A Magnetic Drive, Tamborine Mountain. MORE NEWS: New top sale notched for Coast “If you buy a new house they have no character. This is a one-off, you won’t get anything else like this,” Mr Mudie said when the property hit the market. More from news02:37International architect Desmond Brooks selling luxury beach villa9 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day ago“Mt Tamborine is really nice, I look down at the Gold Coast and see the sunrise and on certain days of the year the moon comes up and lights up the South Pacific and it becomes an inky black colour.” A Brisbane-based buyer secured the keys. It is affectionately known as Foh Fum Cottage.The property has two titles, one of which the couple will build their next home on.“We are not moving off the mountain, I never got round to building the second property so we will sell this and build the next one,” Mr Mudie said.“We will probably make it an alpine log cabin — a totally different take.” Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:40Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:40 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, 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 Rate1xFullscreenOpen for inspection etiquette for buyers00:41 The cottage, inspired by Jack and the Beanstalk, sold under the hammer for $655,000.Investors, locals and house hunters from Brisbane and the Gold Coast all showed interest in the two-bedroom house. Harcourts Scenic agent Tom Van, who sold the property alongside Eli Van, said it was an action packed auction day. “It was a mad house, it was all going on,” he said. “There was a sausage sizzle, coffee, champagne and balloons out.“It (the auction) went for a while because at one point bidding stalled as a phone bidder came in and they ended up buying it.” Mr Van said the Brisbane-based buyers planned on moving into the property in the future and hoped to live happily ever after. The property was owned by author William Andrew Mudie and his wife Lynne. Seven parties registered to bid at the auction.The property, called Foh Fum Cottage, was built by engineer and writer William Andrew Mudie. The author’s cottage has been home to Mr Mudie and his wife Lynne for the past two decades, with four of his books produced there. Mr Mudie’s books, The Foh Fum Legends, follow the real stories behind fairytale Jack and the Beanstalk. MORE NEWS: More Coast properties selling at a profit last_img

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