IVANHOE - One of about only a dozen Ivanhoe homes fronting the Yarra River, 9-11 Riverside Road listed this week with hopes of smashing Ivanhoe’s price record through Miles agents Damien Carter and James Davis. The post-modern 6-bedroom rests on nearly an acre and comes with a riverfront tennis court. The home last sold for $2.47m in Nov 2003 and has doubtfully been refurbished since. Nonetheless, it comes with $5m+ expectations which would eclipse current Ivanhoe record holder 59 Studley Rd which sold for $4.3m in Aug 2010. 9-11 Riverside Road, Ivanhoe
MELBOURNE CBD - A colossal 500sqm tri-level apartment in the redeveloped Sargood House at 73 Flinders Lane hit the market this week with $4m+ expectations through Barleys Estate Agents John Hayes and Danielle Martin. The apartment last traded for $1.43m in Dec 2005. The price seems paltry by 2012 standards, but 2005 was early in the reinvention of Melbourne CBD’s appeal to high-end residential buyers. Wood Marsh gets a solid B grade for their interior design and extensive outdoor spaces. The listing: 602/73 Flinders Lane
BEAUMARIS - Beaumaris, a suburb developed almost entirely in the post-war years holds very few Colonial homes. One of those few - ‘Talbot House’, c1880 - listed this week. Although never considered a landmark property, the very nature of its age warranted a Heritage Listing and lengthy verbiage by listing agents Michael Cooney and Craig Cox of Hodges Beaumaris. The home itself is chock-full of over-the-top furnishings and faux-finishes. It last traded (as a development site, interestingly enough) for $1.95m in Aug 2005. History comes at a cost: the house and 1.5 acres comes with price expectations so outlandish, it’s not even worth writing the number here. The listing: ‘Talbot House’, 28 Cromer Road, Beaumaris
- Above images: Talbot House today (above) and an ariel from 1945 with the featured property located at the center with the single, straight pathway and established trees (below)
GISBORNE SOUTH - Nothing quite says ‘Americana’ like steep gables, bay windows, an outer suburban location, and a seven-car garage. Or at least that comparison is what John Saurini of Leeburn is hoping will attract a $3.25m buyer to acquire a 74-acre listing of his on a less-than-salubrious cul-de-sac in Gisborne South. Although the Radical Terrace will admit that the indoor pool, atrium living and dining areas, and “walk-bridge” definitely lend itself to an American-style evangelical Christian family with double-digit children. 39 Namnans Way, Gisborne South
WOOLLAHRA - Unit 15 in the desirable Woollahra block ‘Lyndhurst Gardens’ has returned to market with a new listing agent and an old price (low to mid-$3mils). Randall Kemp of Ray White Woollahra bumped his Ray White co-workers Penny Timothy and Ian Campbell. The Radical Terrace last visited this listing in March: check out our write-up on the block here. You may remember from that piece of ours that Unit 9 was looking for $2.18m; that unit ended up landing exactly $2.0m in Apr for a unit identical to the featured property. 15/3 Rosemont Ave, Woollahra
EWINGSDALE (BYRON BAY) - A Tuscan-styled home outside of Byron Bay that’s been off-and-on the market for the last few years reemerged this week. Price is unchanged: $2.9m. The home last sold as vacant land in 2004 for $880k. Janis Perkins of Raine & Horne Byron Bay has the listing: 210 Balraith Lane,
Ewingsdale Byron Bay
SYDNEY CBD - Unit 4102, a sub-sub-penthouse in the well-known apartment high-rise The Cove, listed asking “offers over $4.8m.” It’s a big bump for the three-bedroom Unit 4102, having last traded for $3.8m in Dec 2010 with no signs of a renovation in the interim. Nevertheless, a high precedent for sales over $4m exists on levels 40 and up in the building (See below). Monique Lavers of Sydney Cove Property has the listing:
- Unit 4101 (floormates!): $4.15m, Apr 2008
- Unit 4201: $4.575m, Oct 2008
- Unit 4302: $6.71m, Mar 2006
SYLVANIA WATERS - Whenever a Sylvania Waters property comes our way, it’s a pleasant surprise: few suburbs reveal the shifting trends of what is deemed desirable than this harbourfront suburb in Sydney’s Shire. This week’s featured four-bedroom home comes with “20 metres of deep waterfrontage with pontoon and jetty” and a price history that’s a social demographers dream. Let’s take a look at 274 Belgrave Esplanade’s sales timeline:
- $700k, Mar 1996
- $2.1m, Nov 2002
- $3.3m, Sep 2007
- $2.7m, Mar 2009
- $____m, And today?
VAUCLUSE - Isn’t any home with that iconic gun-barrel view of Sydney Harbour Bridge and Opera House worthy of note? Enter 27 New South Head Road. Robert Paradis of LJ Hooker Bondi Junction has the new-ish 4-bedroom-with-pool home that lands a sweet Vaucluse location past the S-curves. However, those S-curves aren’t the only obstacle you’ll cross scoring this property; it wil also set you back over $4.75m. The listing: 27 New South Head Road, Vaucluse.
KIRRIBILLI - Little of Kirribilli’s colonial housing stock survived the early 20th C apartment building frenzy of the densely populated peninsula. Thus 60 Willoughby Street’s c1880s construction, quirky yard with pool, and period features come with a price tag “above $5m”. However, working against the home’s high price is it’s minimal view and lack of harbourfront. A long-listed comp at 69 Carabella Street has been lingering on the market for nearly 2 years. Kingsley Yates and Rachael White of Ray White Lower North Shore have the listing.
ELIZABETH BAY - Last sold for $5.75m as new construction in 2010, Unit 4 at 1 Onslow Avenue in Elizabeth Bay now comes with a discounted price. Jason Boon of Richardson Wrench is seeking $5.5m+ for the full-floor apartment. 4/1 Onslow Ave, Elizabeth Bay
MITTAGONG - What appears to be a tragically unsold spec home emerged on the market through agent Ian Rayner. The 2 acres-and-a-McMansion comes with a $3.15m ask and a secret Mittagong address. Big number for two acres and scant landscaping. Check out the ambiguously located haunted house here.
TENNYSON - A oceanfront home in the Adelaide suburb of Tennyson listed recently with low-$3mil expectations. The mansion comes with 6 bedrooms with ensuite bathrooms and a rooftop meditation deck. Agent Lynette McMahon is quick to make reference to the home’s “Californian beach mansion” aesthetic. 27 Tennyson Heights Court, Tennyson