Gingham & Heels founder sells reno project in Vaucluse

128 Hopetoun Ave, Vaucluse, sold for $9.25m.

Work was already underway on Gingham & Heels founder Katherine Tzakonas’s renovation project, but now it’s sold for a whopping $9.25m.

Tzakonas, who started her women’s fashion brand and online retailer, also referred to as G&H, in 2003 after sales of her trendy gear at various Sydney markets, including Bondi, Glebe and Paddington took off.

She and hubby Bayden Mangakahia bought the five-bedroom home at 128 Hopetoun Ave, Vaucluse with three bathrooms and double garage for $3.7m a decade ago.

The 850sqm block has enormous potential.

Katherine Tsakonas got her start at markets around Sydney.

Incredible harbour views.

With the couple now deciding to move on rather than finish the job off, it was listed in the hope of finding a “visionary buyer” and it recently sold via Ray White Double Bay’s Alan Fettes for the gobsmacking price.

The buyer was no doubt attracted to the home, described as a “head start on renovations or a fantastic knockdown rebuild opportunity” by the potential of the 850sqm site, which offers harbour and district outlooks.

108 Hopetoun Ave, Vaucluse has sold for about $10m.

It was owned by a family that owns a winery in Orange.

It comes with this resort-style pool.

With that sale under his belt, Fettes promptly listed and sold the six-bedroom home with pool on an 807sqm block at 108 Hopetoun Ave for about $10m.

Its owners, the Nicholas family who run a winery at Orange, were overjoyed. The home was once owned by the late celebrated author Bryce Courtenay.

Fettes is now feeling optimistic ahead of spring, having just picked up his third listing in the street, a four-bedroom home at No. 102 Hopetoun Ave, owned by Chris and Lisa Woodley.

That, too comes with a pool.

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