“There has been a dearth of such residential heritage houses in the CBD fringe area for sale, as these are likened collector’s gems which are very much sought after. Fully refurbished heritage terrace houses in the Cairnhill vicinity are currently calling for more than $10 million per building, depending on the land and floor areas,” she says, noting that refurbished heritage houses on Blair Road that each sit on 1,500 sq ft plots have asking prices of $5.5 million ($3,666 psf).