Woollahra rug traders Robyn Cosgrove and her husband Trevor have sold their weekender, Magnolia Cottage.

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Having returned to Australia to become Westpac’s new chief financial officer of consumer and business banking, Israel Santos and his wife, Rebecca, have spent $3.375m on the Newport home of Woollahra rug traders Robyn Cosgrove and husband Trevor.

The 1920s sandstone cottage, one of Newport’s original homes, initially had a guide of $3.6m in October last year, before it was progressively reduced to $3.2m.

It’s one of Newport’s original homes.

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After spending $2.6m in 2020, the Cosgroves undertook a renovation of the home, which was marketed as a “creative twist on coastal living with a colourful and nostalgic aesthetic that embraces the eclectic”.

It has four bedrooms, two bathrooms, a fireplace in the living room, and a heated pool in the 615sq m gardens.

Plenty of old world charm.

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Tastefully updated for modern living.

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LJ Hooker Newport agents Gordon Spring and James Alegre secured the sale.

Santos has spent most of his banking career in the UK after attended the University of NSW in the early 1990s.

He was most recently the finance director, consumer finance division, at Lloyds Banking Group.

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