Real Estate

grand newtown residence finds new custodian after three year campaign

Written by The ReReport

11 Aphrasia St, Newtown sold to Melbourne buyers.

IT MAY have taken three years to sell but patience has paid off for the vendor of a historic Newtown residence.
The circa 1873 residence ‘Kelvin’ at 11 Aphrasia St sold for the full asking price of $1.79 million.
Buxton, agent Ben Riddle said the vendor did not have any urgency to sell, it was a matter of finding the right buyer.
“It became well priced with growth in the market, it was a combination of right buyer, right time,” Mr Riddle said.
“It is a magnificent property with so much history and it is a really good parcel of land in a great location.”

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Original features are found throughout.

The traditional style of the house has been retained.

Mr Riddle said the property sold to Melbourne buyers making the “Geechange”.
“They saw exceptional value with that type of property, in the prestigious suburbs of Melbourne you would be paying in excess of $3 million to $4 million,” he said.
“The buyers will add their own touches to the house over time but it is comfortable to move straight in to.”
The blue chip property is on about 1100sq m of land, however it used to be much more with land being subdivided off over the years.
The property once would have faced onto Pakington St with a long driveway leading to the two-storey house.

The kitchen has been updated.

The entry foyer.

Double brick construction and bluestone stumping create the foundation of the house that has five bedrooms and several formal and informal living areas.
An imported leadlight front door sets the scene for the interior inside.
Imported marble fireplaces, timber wall panelling, decorative cornice, ceiling roses and high ceilings add to the charm of the home.

The kitchen has been updated while every bedroom has its own outlook over the surrounding gardens.
There is also a guest room separate to the house that could be used as a home office or teenagers retreat.
The property has been on and off the market since 2015 but the price guide of $1.65 million to $1.79 million has remained the same, according to CoreLogic.

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