A NORTHCOTE landmark has been thrust back onto the market after an impressive renovation completed by the vendors during their short stay.
Lugano, a grand residence atop Ruckers Hill, has been transformed by its owners since they purchased it for $3.53 million in April 2017.
It is now back on the market with price hopes of $3.3-$3.6 million.
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The elevated property boasts incredible views to the city.
It has been renovated since it sold last year.
Jellis Craig Northcote director Sam Rigopoulos said extensive work had been done to the property by its vendors, online marketing consultant Linh Trinh and his partner Keri.
“It was a very traditional outfit before, but it’s now achieved a contemporary balance that will appeal to a lot of buyers,” he said.
Mr Trinh bought the property at 215 Clarke St from retired food and mining industry boss Don Taig.
Inside the main living room today.
How the living room looked in April last year.
Retired food and mining industry boss Don Taig sold the home last year. Picture: Josie Hayden
The couple drastically changed the interiors, which Mr Taig had restored to an original, old-world condition.
“We walked past it and thought, ‘wow, it’s so grand’,” Mr Trinh told the Herald Sun last year.
“It was too good an opportunity to miss.”
The couple had planned their wedding in the home’s gardens, but Mr Rigopoulos could not confirm if the ceremony took place.
“The vendors are selling because they are pursuing business opportunities overseas,” he said.
The property was purchased for $3.53 million last year.
It now has a price guide of $3.3-$3.6 million.
The interiors have become “contemporary”, Mr Rigopoulos said.
Buyers from Singapore and Melbourne’s inner east had shown interest in the spectacular Queen Anne-style residence, Mr Rigopoulos said.
“Most interest is coming from a list of clients who we know are looking for a very special home,” he said.
He also said the softer market was a good opportunity for buyers to snap up a dream home.
A bedroom in the renovated property.
The same bedroom when the property sold in 2017.
“You can buy with some confidence, knowing that prices aren’t going to run away from you,” he said.
“The top end of the market is still performing really well, but there is some scarcity in the properties available.”
Lugano, among the suburb’s top recorded sales, boasts incredible views to the city from a widow’s walk, plus a vast living room, renovated kitchen and entertainers deck.
SUBURB PROFILE: Northcote
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