This house that just sold for $3 million was home to the CEO of Australia’s biggest bank

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Ian Narev / CBA

Commonwealth Bank chief Ian Narev and his wife Frances Allan have sold their Paddington home for $3 million, making a $730,000 profit on their 2008 purchase.

The 139m² four bedroom, 3 bathroom Victorian terrace with a double-lock-up garage on Dillon Street was sold an hour before it became open for inspection last week. It was due to go to auction on March 31.

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The sale comes as the pair have finished renovating their other Paddington home, bought in 2012 for $5 million, spending $1.5 million on the makeover.

Last year Narev’s salary increased to almost $8.1 million, including a base rate, incentives and shares up $300,000 from his salary of $7.8 million the previous year.

The CBA was at the centre of a financial planning scandal which erupted last year. Advisors were found to have provided poor advice to customers between 2003 to 2012, causing “financial loss and distress”: “and I am truly sorry for that”, said Narev.

Here are some photos of the house he’s just sold.

[slideshow]
[slide
permalink=”end-of-row Victorian terrace ”
title=”Positioned on the corner of Dillon Street is the end-of-row Victorian terrace. ”
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image=”http://edge.alluremedia.com.au/uploads/businessinsider/2015/03/ian-house-1.jpg”
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[slide
permalink=”kitchen”
title=”A fresh-looking stainless steel kitchen with Miele gas appliances.”
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image=”http://edge.alluremedia.com.au/uploads/businessinsider/2015/03/ian-house-5.jpg”
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[slide
permalink=”fireplace”
title=”There is a refined character sitting and dining area with wood fireplace.”
content=””
image=”http://edge.alluremedia.com.au/uploads/businessinsider/2015/03/ian-house-2.jpg”
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[slide
permalink=”inside,outside”
title=”The room extends onto the outdoors… ”
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image=”http://edge.alluremedia.com.au/uploads/businessinsider/2015/03/ian-house-3.jpg”
caption=””
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[slide
permalink=”dining”
title=”For that casual inside, outside feel.”
content=””
image=”http://edge.alluremedia.com.au/uploads/businessinsider/2015/03/ian-house-8.jpg”
caption=””
credit=””
credit_href=””
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[slide
permalink=”courtyard”
title=”The courtyard is sun swept and private.”
content=””
image=”http://edge.alluremedia.com.au/uploads/businessinsider/2015/03/ian-house-10.jpg”
caption=””
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[slide
permalink=”Separate living/study”
title=”With a separate living, study area framed by elegant hardwood floors and plantation shutters which run throughout the house.”
content=””
image=”http://edge.alluremedia.com.au/uploads/businessinsider/2015/03/ian-house-7.jpg”
caption=””
credit=””
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]
[slide
permalink=”multi-storey”
title=”The multi-story block has a wine cellar and extensive underhouse storage space… ”
content=””
image=”http://edge.alluremedia.com.au/uploads/businessinsider/2015/03/ian-house-6.jpg”
caption=””
credit=””
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]
[slide
permalink=”bedroom”
title=”And an elevated, king sized master suite with a broad balcony.”
content=””
image=”http://edge.alluremedia.com.au/uploads/businessinsider/2015/03/ian-house-9.jpg”
caption=””
credit=””
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]
[slide
permalink=”layout”
title=”And the buildings layout.”
content=””
image=”http://edge.alluremedia.com.au/uploads/businessinsider/2015/03/ian-house-plans.jpg”
caption=””
credit=””
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]
[/slideshow]