It was just three weeks ago that the Radical Terrace commented on the brouhaha surrounding the $4.2m sale of a Fitzroy North property fronting the elegant Edinburgh Gardens at 39 Alfred Crescent. It was indeed a notable sale, for prior to the sale of 39 Alfred Crescent only one home on the arching avenue sold above $2m (that outlier being the large plotted #85 which sold for $3.05m in Sep 2009). The Melbourne real estate community reacted with shock - or at least intense interest - at the $4.2m sale in the suburb of Fitzroy North in Melbourne’s historically working class northern suburbs. Some agents even used the sale as proof of the contemporary willingness to ditch the famed Eastern Suburbs of Kew and Hawthorn for the convenience of the Inner North, according to The Age. Now Nelson Alexander, the same agents responsible for the earth-shattering revelation that a $4m+ could be sold in Melbourne’s north, have listed the record holder’s immediate next-door neighbour with $3.5m+ expectations just one month after.
Today’s listing sits on a comparable lot size, but instead of a California Craftsman like at #39, ‘Mygunyah’ is a c1888 Victorian Italianate (flirting with Boom Style, but not quite making it) with a rare side yard not commonly found in inner city Victorian terraces. Throw in 4 bedrooms, 3 bathrooms, a car spot, and a separate studio, and Nelson Alexander agents Nicholas West and Andrew de Angelis think they have an estate worthy of their mid-$3mils pricing hopes.
Not surprisingly, the duo are trying their luck with yet another on-site auction on 28 July, hoping to mimic the earlier success of #39, the most well-known suburb record setter of the year…thus far…
The listing: ‘Mygunyah,’ 41 Alfred Crescent, Fitzroy North