Famous but derelict Brisbane Federation classic 'Lamb house' for sale - but it ...

One of Australia's grandest Federation mansions could finally be rescued from ruin that left it a magnet for squatters and vandals as it goes up for sale for at least $10 million.

The 1903 Brisbane home was designed by British architect Alexander B Wilson for cloth entrepreneur John Lamb and built across eight blocks at an estimated cost of £3,250 at the time - $490,000 in today's money.

Known as 'Home' or 'Lamb House', it was considered one of the finest examples of 'Queen Anne' Federation architecture for its era and it was a landmark Brisbane property for many years.

Despite being in a state of total disrepair, the Lamb House is expected to sell for at least $10 million - mainly because of its amazing riverside location and the huge 3,146 square metre block size

Despite being in a state of total disrepair, the Lamb House is expected to sell for at least $10 million - mainly because of its amazing riverside location and the huge 3,146 square metre block size

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The Lamb House as it was in the early 20th century, when it was considered one of the finest Federation homes in Queensland

The Lamb House as it was in the early 20th century, when it was considered one of the finest Federation homes in Queensland

It is visible along two stretches of the Brisbane River, as well as from the Botanic Gardens, Kangaroo Point Cliffs and South Bank and has attracted the attention of tourists over time.

In 1954 the house was dramatically floodlit for a Royal Visit by the newly-crowned Queen Elizabeth and Prince Philip.

But over decades it steadily fell into a state of decline and disrepair.

Now lying derelict, the waterside Kangaroo Point home would just be start of years of work for the new owner, with restorations worth up to $12 million needed, the Courier Mail reported.

The land alone was valued at $6.1 million by the state government in 2019, and is tipped to sell for $10 million despite the amount of work required.

An aerial shot shows the amazing riverside position of the home at 9 Leopard Street, Kangaroo Point, Brisbane

An aerial shot shows the amazing riverside position of the home at 9 Leopard Street, Kangaroo Point, Brisbane

The still-grand but dusty staircase at 9 Leopard Street, Kangaroo Point, belies the condition of the rest of the two-storey mansion

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The still-grand but dusty staircase at 9 Leopard Street, Kangaroo Point, belies the condition of the rest of the two-storey mansion 

Holding six bedrooms and three bathrooms over the two storeys, Home has magnificent period architecture throughout waiting to be restored to its former glory.

They include a grand wooden staircase, ornate cornices and ceilings, and balconies and decks wrapping around most of the house with spectacular views over the Brisbane River.

The second floor has all six bedrooms plus stairs leading up to the turret with even better 360-degree views, while downstairs has a drawing room and former maid and butler's quarters along with the usual features. 

The state of disrepair is most evident in the kitchen which would need a complete overhaul, and other rooms have unsightly graffiti to remove.

Many of the rooms, like this one, would need more than a coat of paint - they would need total overhauls

Many of the rooms, like this one, would need more than a coat of paint - they would need total overhauls

Other rooms have unsightly graffiti to remove and much of the glass has been smashed by vandals

Other rooms have unsightly graffiti to remove and much of the glass has been smashed by vandals

The

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