Northwood

2022 - 9 - 4

Post cover — Image courtesy of "7NEWS.com.au"

$24 million Northwood waterfront mansion destroyed in fire on ... (7NEWS.com.au)

The fire was so ferocious it spouted 20m high flames and posed a threat to neighbouring properties.

“Firefighters were concerned for neighbouring properties, so the immediately got to work and protected those properties, whilst our two crews did a very quick search to see if anyone may have been inside.” Firefighters were called to the home in Northwood on the Lower North Shore just after 11pm on Saturday. [Sydney](https://7news.com.au/news/sydney) mansion with harbour views that recently sold for $24 million has been [destroyed by fire](https://7news.com.au/news/sydney-fires).

Northwood $24million mansion fire: House with Sydney harbour ... (Daily Mail)

The blaze broke out at the mansion on Cliff Road in Northwood, in Sydney's lower north shore, just after 11pm on Saturday.

Emergency workers said the cause of the blaze is yet to be determined, but investigations are underway (the burning mansion is pictured) There were concerns the blaze would spread to neighbouring properties, but emergency crews managed to get the fire under control within about two hours. - Emergency crews managed to get the blaze under control within two hours

Fire destroys $24 million home on Sydney's lower north shore (The Sydney Morning Herald)

The multimillion-dollar waterfront home went up in flames overnight, with investigators left wondering what started the blaze.

The home is one of the oldest homes in Northwood and was originally built in 1915. The nearest comparable properties are further afield in Hunters Hill where Cate Blanchett and Andrew Upton sold their smaller 3600-square-metre property Bulwarra for $18 million in 2017. [Sign up here](https://www.smh.com.au/link/follow-20170101-p57ogt). He has been contacted for comment. NSW Fire and Rescue said about 30 calls were made to triple zero, with 12 trucks responding and 50 firefighters. “It raged for about, I’m going to say, 40, 50 minutes.”

$24 million Sydney home destroyed (NEWS.com.au)

A $24 million Sydney heritage home has been destroyed after it went up in flames overnight, less than a year after it was purchased.

It was bought by one of the biggest landowners in the area in November last year for $24 million – the first time it was put on the market in 60 years. No one had been living in the property at the time and nobody was injured. However, firefighters were able to keep it contained to the 4,847 sqm property and completely extinguish the flames within two hours.

Chinese tycoon's $24m Sydney mansion destroyed in fire (The Australian Financial Review)

Owen Chen, founder of lender Aoyin, only settled on the Northwood mansion in December, buying it from the estate of the late travel industry doyenne Mary ...

[Sign up to our weekly Inside Property newsletter.](https://login.myfairfax.com.au/signup_newsletter/10101?channel_key=9ME3ACTT4ZYY1fEMfvR2EA&callback_uri=https://www.afr.com) [Larry Schlesinger](/by/larry-schlesinger-14476t)writes on real estate, specialising in commercial and residential property. Larry is based in our Melbourne newsroom. Ms Rossi and her late husband [(the failed venture resulting in a lengthy legal dispute with advisers PwC)](https://www.afr.com/companies/professional-services/pwc-blamed-by-aoyin-for-failed-banking-licence-attempt-20180719-h12w9h) and his wife, Xiao Hong Li, also own the neighbouring Northwood home, which the couple ought for $5.7 million in 2007. Title records show he bought it without a mortgage. Fire and Rescue NSW said the cause of the fire was being investigated.

A $24 million house in Northwood caught fire, destroying a home ... (TDPel Media)

A $24million luxury home with a tennis court and spectacular harbour views has spectacularly gone up in flames. The blaze broke out at the mansion on.

[The](https://atomicdigest.com) blaze broke out at the mansion on Cliff Road in Northwood, in Sydney’s lower north shore, just after 11pm on [Saturday](https://tdpelmedia.com/category/breaking-news). [business](https://tdpelmedia.com/category/business) district, and the Lane Cove River were all visible from there. [according to](https://tdpelmedia.com/news) emergency personnel, has not yet been identified, although investigations are in progress (the burning mansion is pictured)