1. Paul Bangay Designed THIS?!?

    A Tullamarine Airport-adjacent home in the Melbourne exurb of Bulla came to market this week with bullish $3m+ expectations. Apparently, the gardens of the property (called “Monteigne”) were designed by Paul Bangay, an Australian landscape architect who finds his way into the gardens of just about every trophy listing to come to market. However, based on the listing photos at least, these gardens don’t seem to have originated from any landscape architect outside of the gardening expert at Bunnings Warehouse. The backyard has some grass and a tree. Brilliant. Thankfully the interiors of the home offer redemption from the tragedy out back; and by redemption we mean comedic relief. Looks like the owner of this house is a car enthusiast who needs to keep an eye on his/her vehicle at all times, including whilst at the dinner table. 

    The rest of the home isn’t much better (save for the outdoor living room which is admittedly quite cool), but we’ve also seen far worse (sadly). The four-bedroom home on 10 acres can be yours for $3m+, a suburb price record for a home if achieved. The home last traded for $400k in 2000, presumably just for the land. 

    The listing: 25 Blackwells Lane, Bulla

    More images of the property (including the outdoor living room) and floor plan below.

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  2. Princes Hill: The Northern Suburbs’ Quiet Achiever

    Princes Hill, a tiny residential pocket often grouped together with Carlton North, has consistently achieved $2m+ prices for homes in the past several years. Although there has been significant hubbub surrounding Fitzroy and Fitzroy North’s prestige bump, little has been said about Princes Hill and its parkside homes achieving prices formerly reserved for homes in the southern and eastern suburbs. Perhaps it’s because all the buzz of the late ’90s and early 2000s surrounding the gentrification of neigbhouring Carlton and Carlton North that people simply forgot about this tiny quasi-suburb these days.

    Regardless of reason, the listing of 76 Bowen Crescent is telling of the overall health of the suburb. And in this case, it’s not so much what’s there but what’s not. Listing agents James Pilliner and Shayne Mooney of Nelson Alexander Carlton are asking between $2.4m and $2.6m for the unrenovated, 5-bedroom, parkfront home in need of a serious $1m+ overhaul. That would potentially place the value of this home at the top of Princes Hill, trumping the current record holder at 57 Wilson Street, which sold for $3.82m at auction earlier this year. There are only a small handful of homes in the ‘burb that have the potential to be more valuable than 76 Bowen Crescent (neigbhouring 86 Bowen Crescent being one of them, along with several others on the street). And if this home does indeed achieve a mid-$2mil price, Bowen Crescent may just become a street with homes consistently trading above $3m. The new normal, perhaps?


    You can keep the rest, but can we steal those chairs?

    The listing: 76 Bowen Crescent, Princes Hill

    More listing photos and a FLOOR PLAN below.

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  3. Nocklofty - An Original Royal Parade Mansion - On the Hunt for $4m+


    A schematic rendering done by R. Vincent in 1980, courtesy of the State Library of Victoria showing the northern elevation (above) and the western elevation (below).

    Royal Parade, although never possessing the same social cachet as its sibling boulevard to the south - St Kilda Road - was nonetheless home to some of the northern suburb’s most desirable real estate and the largest estates outside a small pocket of Essendon. Royal Parade was the traditional entrance point to Melbourne from the north and, accordingly, “the road to Sydney”. However, in the boulevard’s early years, it likely looked extremely bare, with its 60 metre wide street fronted by clusters of insignificant Victorian terrace houses. As the road crept north, so did development, and by the time of Federation, the northernmost parcels of land fronting the Parade were divvied up and soon played host to grand residences designed in the most cutting-edge contemporary designs of the day, showing themselves off to visitors on approach to the city. Although according to Victoria Heritage, the site of ‘Nocklofty’ was first subdivided in 1891 by the Southern Terminating Building Society; the Radical Terrace was able to dig up surveying maps of the region from 1868 that shows the land between Royal Parade (then called Sydney Road) and The Avenue (then called Park Road) up for auction. The site of Nocklofty is at the northernmost apex of the intersection to the far right of the below map. Based on the map below, the site of the home appears to have been purchased by a WSF Murray. However, we have no knowledge of any structure where Nocklofty now rests until a retired engineer by the name of Kenneth Munro took ownership in 1905 and began a two year construction of the home that now stands the year following. 


    An 1868 surveying map of what was then referred to as “North Melbourne.”


    The hall stand and bench contain the Munro coat of arms.

    The external aesthetic of the brick-fronted Federation Queen Anne style home is elaborate, if quite typical of the period. However, the interior woodworking completed in part (or in entirety) by Munro himself overflows with Australian patriotism: Californian redwood barges carved with gum nuts and leaves, and cockatoos perch above the master bedroom door.

    Much like St Kilda Road, Royal Parade underwent a beautification scheme in the early 20th Century in direct response to the City Beautiful movement. In 1913, English elms were planted which to this day canopy the road and offer the residences that line the western edge of the boulevard some semblance of privacy (segregated traffic lanes also help). By the post-war years, much of the single-family residential character of the northern portion of Royal Parade disintegrated, offering an odd mix of mid-rise apartment blocks, office buildings, and a pair of Melbourne University residential colleges. However, several prominent Federation mansions remain. The most important comparable to Nocklofty is Auld Reekie at 509-513 Royal Parade. The 1910 home on 2200sqm (and also with a belvedere) sold in July 2007 for $4.7m. That price, in addition to be the largest non-development land sale in Parkville that we know of, speaks well for Nocklofty achieving a $4m+ sale. For the record, the home last traded hands in 1980 for $240k.


    A 1945 aerial of Melbourne shows the elegant row of English Elms planted only 30 years prior. Nocklofty sits at the apex of Royal Parade and The Avenue in the upper left of this photograph.

    Today, the heritage listed home has 4-bedrooms, 3-bathrooms, and sits on 1,643sqm of parkfront land with secondary access from The Avenue. The interior layout has no discernable modifications save for the the enclosing of the rear verandah (the kitchen was originally only accessible from a back patio) and therefore significant work will be required for luxury family living. The heritage-listed nature of the home, alongside the interior woodworking that dictates much of the floor plan, will be an obstacle to the new owner. Although one interesting quirk that Munro got right from the get-go is a master bedroom ensuite, a rarity for its day (see original floor plan below).

    One recent, but easily remedied, tragedy is the awkward, low-roofed self-contained unit at the backside of the property that rests beneath an elaborately gabled roofline. Something’s gotta change there.


    The demountable classroom self-contained unit at the backside of the property.

    Nelson Alexander agent Arch Staver has the listing: 551 Royal Parade, Parkville

    Click below for more listing photos and a contemporary floor plan.

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  4. Fitzroy North: Redux

    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

  5. ‘Bangalore’ Wants to be North Melbourne’s Most Expensive Home

    ‘Bangalore’, an 1892 Victorian Italianate villa located in North Melbourne is listed with $3.5m+ aspirations, bold by any stretch of the imagination for the suburb. The Radical Terrace has watched this home for a while. It’s been listed for many a month and we’ve waited in vain for pricing expectations to drop. However, it seems the recent flurry of prestige northern suburb (Fitzroy) $3m+ sales (see here and here) has led Nelson Alexander agents Nicholas West and James Pilliner to keep dreaming about breaking the suburb record. Granted, the home itself is no dive. It maintains an architectural pedigree that’s largely intact, it underwent a sensitive (albeit quirky, note the master bedroom ensuite below) renovation, and the home is part of an aesthetically pleasing park (Pleasance Gardens) front position. The big question is whether or not North Melbourne is ready for a $3.5m sale, and if so, is ‘Bangalore’ the property to make the grade? The current record holder is the slightly better positioned 67 Chapman St which sold for $2.38m in Oct 2010. Seeing that our featured property Bangalore last sold for $941k in Oct 2001 (pre-renovation), we believe $3.5m is a bullish ask indeed. However, seeing that Bangalore only needs to break $2.4m to displace 67 Chapman St as North Melbourne’s most expensive home, I think it’s safe to say we have a new #1 when the home does indeed sell. 

    ‘Bangalore’, 33 Canning Street, North Melbourne