Real Estate

ballarat mansion could smash record by 1 million

Written by The ReReport

412 Wendouree Pde, Lake Wendouree comes with a $4.5-$5 million asking price that would smash the regional town’s house price record.

A SEVEN-BEDROOM Ballarat mansion that looks onto Lake Wendouree could be set to smash the city’s house price record.
With aspirations of a $4.55-$5 million sale the double-storey home at 412 Wendouree Pde comes with an indoor pool and spa, plus a tennis court.

RELATED: Gold rush for luxury homes near Ballarat’s Lake Wendouree

Winery for sale near Ballarat tempting buyers with top drop

If sold at the top of its range the home could break Ballarat’s house price record by close to $1 million.

412 Wendouree Pde, Lake WendoureeA sweeping staircase helps make a grand first impression.

412 Wendouree Pde, Lake WendoureeThe impressive living spaces are paired with impressive features including fireplaces.

Earlier this year a 2306sq m property at 424 Wendouree Pde sold for $4.1 million in an off-market deal.
Cate Bakos Property buyer’s advocate Cate Bakos buys around 20 homes in Ballarat a year and said the city was increasingly popular with Melbourne buyers — both for investment and for family homes.
Prices in the town were growing, and a shortfall in supply meant some homes sold before they could even be photographed for sale.

412 Wendouree Pde, Lake WendoureeThe house comes with the pool you might expect at a $4.5 million-plus home.

412 Wendouree Pde, Lake WendoureeAnd the tennis court you would expect as well.

“Ballarat is pretty well running counter to Melbourne at the moment,” Ms Bakos said.
“We are seeing quite a few tree changers heading to Ballarat.”
And while a medical professional lured to the city for a high-paying job could well come from Melbourne, there was just as much chance the buyer would be a local.
“It is an old gold rush town and there are some wealthy families in Ballarat,” she said.
With a range of high quality schools and a growing list of amenities, Ballarat had plenty to offer, she added.

412 Wendouree Pde, Lake WendoureeOpulent living areas receive plenty of natural light and are geared towards indoor-outdoor living.

412 Wendouree Pde, Lake WendoureeOne of the living areas comes with custom-made cabinetry and a fireplace.

The city also benefited from its proximity to Melbourne and could attract a growing commuter workforce travelling between the two cities.
A fast rail connection between the two would be a game changer for the regional city, she added.
Lake Wendouree is Ballarat’s highest priced suburb with a $630,000 median house price, according to latest CoreLogic figures.

412 Wendouree Pde, Lake WendoureeThe glossy kitchen is a home chef’s dream.

412 Wendouree Pde, Lake WendoureeThe pool pavilion is set behind a leafy, landscaped garden.

The city notched its first $3 million house sale when the home known as Bishop’s Palace at 1444 Sturt St, Lake Wendouree sold for exactly that sum in 2014, CoreLogic records show.
Hocking Stuart Ballarat’s Tony Douglas and Tim Valpied are handling the 412 Wendouree Pde sale, but were unable to comment on the listing.

MORE: Geelong and Ballarat among 2018 Victorian property hot spots

Melbourne buyer finds golden opportunity in Ballarat

Former school turned top-class house for sale in Ballarat

Source link