‘Risby’, an immaculately well-kept c1887 High Victorian fronting Fawkner Park in South Yarra, has listed for auction with “expectations around $4m”, just two years after trading for $4.31m. Even more surprising, the interiors seem to have been refreshed since then (or at least a darker stain on the wood floor was implemented with some landscaping improvements). The quick turn-around of the listing coupled with its diminished price hopes from its 2010 sale reminds us of another still-listed South Yarra terrace at 9 Kensington Road of comparable size, vintage, and diminished pricing. It also comes hot in the heels of another prestige listing in Brighton that’s priced $2m below its last sale. Then again, perhaps it’s just a case of underquoting?!?
The three-bedroom, two-bathroom home comes with (highly-coveted) garaging for two cars and a plunge pool not frequently found in South Yarra terraces. The interiors are well-maintained and the terrace’s patrician origins are clearly indicated in a floor plan that takes fills its parcel size on both floors and possesses a bay window at the side of the house. Lesser terraces of the same era typically had a reduced upper-floor with an auxiliary kitchen accessed from the outside of the house. This home never had any of those hallmarks of middle class terrace living. In fact, this portion of park-fronting Toorak Road has been desirable since its first development. The road was among the first suburban roads paved in asphalt at the turn-of-the-century (see image below); Toorak Road’s wide and sun-filled situation did not see heavy vehicular traffic until the post-war years. By then, many of the original estates that lined Toorak Road succumbed to apartment block development. Risby, however, survived. (And comes with some damn cool casement windows to boot!)
Risby’s bay window once overlooked an extensive side garden. Thanks, once again, to MMBW.
Macus Chiminello and Nicole French of Marshall White have the listing: 82 Toorak Road West, South Yarra
More listing images, a floor plan, and a site plan can be found below.