This property at 42 Quay St, Bulimba, has sold for $4.225 million.AN OLD riverfront Queenslander bought for just £3000 seven decades ago has sold for a whopping $4.225 million.The three-bedroom house on a huge 1012 sqm at 42 Quay Street, Bulimba, had been in the same family since it was built in 1949.Rob Campbell, who grew up in the home, told The Courier-Mail his grandfather, John Campbell, bought it just after it had been built. GET THE LATEST REAL ESTATE NEWS DIRECT TO YOUR INBOX HERE This home at 42 Quay St, Bulimba, has sold for $4.225 million.“A fellow named Fred Walmsley built the home and my grandfather was wandering along the river one day and noticed this Fred Walmsley and said to him ‘I’d like to buy your house’,” Mr Campbell said.“Fred said ‘no’ but my grandfather said everyone has their price, so he came back a week later and asked Fred what his price was.“Fred said ‘£3000’, which was a ridiculously high price at the time but my grandfather had about 10 hairdressing shops around Brisbane so said, ‘yep, no worries, here’s the cheque’.” MORTGAGE INTEREST RATE SHOCK One of the bedrooms in the home at 42 Quay St, Bulimba.The sale of the property was the biggest sale achieved in Brisbane in the past week, at a time when the property market usually hits the brakes for the holiday period.Bulimba is a high demand suburb only 4km from Brisbane’s CBD with a median house price of $1.27 million, according to property data company CoreLogic. One of the bedrooms in the home at 42 Quay St, Bulimba.The house on the property has timber floors in the living areas, ornate ceilings and big windows.There are also three good sized bedrooms with carpet, an updated bathroom and separate toilet. SANDRA SULLY SELLS BEACH HOMES The view from the home at 42 Quay St, Bulimba.More from newsParks and wildlife the new lust-haves post coronavirus22 hours agoNoosa’s best beachfront penthouse is about to hit the market22 hours agoSelling agent Melanie Thomas of Belle Property Bulimba said the land was the drawcard because the house could not be knocked down.She said the property attracted six offers during the tender process before selling to a local developer who plans to renovate the home.“It was a really good result because it was really bought for the land,” she said.“Properties like this hardly ever come up, which is why there was so much interest.“It attracted a lot of families with young children who wanted to grow into the house.” SALES BEFORE AUCTION TRIPLE The living room in the home at 42 Quay St, Bulimba. The kitchen in the home at 42 Quay St, Bulimba.The open-plan kitchen and dining area includes Caesarstone benchtops, stainless steel appliances and white cabinetry.There is also a living area and sunroom with river views.