‘Rolvenden’, a c1888 Victorian villa on nearly a half acre block at 139-141 New Street came to market this week. What is surprising is that the asking price is $2m less than the property’s $7.0m sale price back in 2010. Surprising to the Radical Terrace, the listing agent actually responded to our pricing enquiry letting us know that they “don’t have market feedback as yet, but…expect buyer interest to be in excess of $5 million dollars.” Don’t have market feedback? Doesn’t a 2010 sale of $7m indicate a pretty close comparable, seeing that it’s the same house?
Also a bit surprising is the agents’ recycling of its old 2010 listing photos of the property. Granted, those pictures are sufficient in displaying the positive attributes of the home, but definitely leave questions on the current state of the property on the table, especially when such a drastic price cut in involved. The 5-bedroom, 6-bathroom home comes with a very unique garaging/carriage house accessed via a large pebbled driveway. The home was renovated extensively between its 2003 sale of $2.005m and its 2010 sale of $7.0m.
The home itself is perhaps the most prominent - and certainly the largest - on a relatively desirable stretch of New Street, otherwise characterised by more modest $2m-$3m villas on far smaller parcels. As is typically the case with anomalously large historic homes in inner suburban locations, Rolvenden was among the first to be developed in its pocket of Brighton and sat in relative isolation for its first 30 years. MMBW maps dating to the turn-of-the-century reveal just a modest neighbour to the north, the stately Victorian Italianate ‘Bronte’ to the south (now situated at 2 Sussex Street), and a small handful of homes directly across the street.
The listing: ‘Rolvenden’, 139-141 New Street, Brighton
Click below for more listing images and the property floor plan.