‘Frogmore’, a modern take on an Australian homestead with three distinct pavilions is to auction through First National Neilson Partners agent Peter Watson in September with $2.5m+ expectations. The four-bedroom, two-bathroom (that’s not a good ratio) home features a unique and tasteful exterior aesthetic with rather lacklustre interiors. The views stretch all the way to the Melbourne skyline some 35 kilometres in the distance. The home last sold in November 2005 for $1.1m.
The small suburb of Harkaway is an interesting study in itself. The suburb and its surrounds were long the domain of dairy farming until the Monash Freeway opened in 1973, enabling the region to be within convenient commuting distance of the city. Neigbhouring suburb Narre Warren North has seen significant greenfield development of large $1m+ homes on 1/2 acre parcels in the past two decades and the spillover effect has provided Harkaway with a semi-rural feel with newly constructed homesteads on far larger parcels between 10 and 20 acres (Frogmore sits on a 14 acre parcel). The ultimate question is how much more development will occur in the Harkaway vicinity in the coming years. Will Frogmore become an oasis of large parcels in a sea of McMansions (thus driving up Harkaway values)? Or will increased traffic on the Monash Freeway deter wealthy city workers from moving to this fringe location? In that event, Harkaway must rely on the industrial success of exurb Dandenong for any sustained desirability (and the Radical Terrace is not bullish on Dandenong).
Click below for listing information, more photos, and a floor plan.
The listing: ‘Frogmore’, 183 Harkaway Rd, Harkaway