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Le Fanu: Andrew ‘Twiggy’ Forrest Confirmed as Buyer of Cottesloe Mansion

Andrew Forrest was confirmed as buyer of Le Fanu in Cottesloe. Reports put the sale at $15.6 million and recount the home’s heritage and restoration history.
From TheFinanceBase Team2 min to read
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Andrew “Twiggy” Forrest was confirmed as the buyer of Le Fanu, the heritage-listed oceanfront residence at 2 Salvado Street, Cottesloe, in a PerthNow report published on 2 September 2022. Business News had reported the day before that the property sold for $15.6 million, although PerthNow said the purchase price was unknown at the time of its report.

Who bought Le Fanu?

A spokesperson for Forrest confirmed the purchase to PerthNow journalist Jake Dietsch. The spokesperson described Le Fanu as a landmark of Western Australian history and said Forrest was committed to returning the home to its original condition and preserving its heritage value. That was a stated intention; the report does not establish that restoration work was later completed.

PerthNow’s 2 September 2022 report identifies the property as a heritage-listed oceanfront residence at 2 Salvado Street, Cottesloe.

What was the reported sale price?

Business News reported on 1 September 2022 that Forrest bought Le Fanu for $15.6 million, after it had been on the market for more than three years. PerthNow’s report, published the following day, said the purchase price was unknown at that point. The reports therefore differ in what they disclosed: Business News published a figure first, while PerthNow did not confirm one in its account.

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Business News’ sale report provides the $15.6 million figure. A later realestate.com.au report also gave that price and attributed the record-sale description to PropTrack records. These are news reports, not a land-title record.

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What is known about the property?

PerthNow described Le Fanu as a Federation Queen Anne-style house built in 1893. It reported that the property was sold to the Anglican Church in 1945 and renamed for Henry Frewen Le Fanu, the archbishop at the time. The home later returned to private ownership.

According to PerthNow, Steve Wyatt bought the house in 2009 for $4.25 million and later spent an estimated $11 million to $12 million on renovations. The outlet reported that Zorzi Homes restored the interiors. Separately, realestate.com.au reported that the site covers 1,492 square metres and described the residence as having undergone a substantial restoration.

PerthNow characterized the property as having spent about 1,200 days on the market; Business News described the period as more than three years. These are the outlets’ reported descriptions, not an independently verified exact marketing duration. The heritage status and historical account here are likewise attributed to the news reports; no primary heritage-register or title record is cited.

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