Old Warrandyte Rd, Donvale is one of Victoria’s most viewed streets on realestate.com.au.
A PICTURESQUE Donvale street has proved the best of both worlds is a winning combination with homebuyers.
Old Warrandyte Rd is one of Victoria’s most viewed streets on realestate.com.au and local agents say its mix of country charm and city convenience is key to its appeal.
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Jellis Craig Doncaster director Andrew Keleher said the road sat in a “blue-chip” Donvale pocket.
“You combine city and country living all in one, the rustic feel in suburban living,” Mr Keleher said.
One of the drawcards of the address was its access to both the city and Mornington Peninsula, which were only “two sets of traffic lights” away, Mr Keleher said.
12 Old Warrandyte Rd is one of two properties on the market along the road.
There are only two properties on the market in Old Warrandyte Rd at the moment, both vacant blocks. One is a 1927sq m lot at 5/126 Old Warrandyte Rd, the other at No. 12 is a 6300sq m site with plans for an 80-bed aged care facility and a price guide of $4.5-$4.95 million.
Barry Plant Doncaster East director Mark Di Giulio said the coveted road was the perfect example of country meets city.
“Buyers want to be in the street because they want the country feeling but don’t want to be disconnected from other amenities and infrastructure,” Mr Di Giulio said.
“You can get homes worth over $4 million, but in that same street you can also have an entry-level home.
“There is real (buyer) diversity and a unique mix of styles and properties in that part of the world.”
Old Warrandyte Rd’s record stands at $4.5 million.
Old Warrandyte Rd’s top sale was notched in October last year when No. 106 sold for $4.5 million, according to CoreLogic, and only five sales have been recorded since January.The road placed 10th on the list behind prestige bayside addresses including Point Nepean Rd in Portsea, Mt Eliza’s Kunyung Rd, North Rd in Brighton and Beach Rd, Black Rock. Richmond’s Highett St was the most popular street, according to the data which measured the number of views per listing in a street over the past three years.
Realestate.com.au chief economist Nerida Conisbee said the list was full of aspirational streets in sought-after suburbs. “Donvale has recently been one of Melbourne’s most in-demand suburbs and Old Warrandyte Rd is an area that has big homes,” Ms Conisbee said. “The other suburbs are quite desirable, and quite expensive.”
Donvale’s $1.16 million median house price has grown 71.9 per cent in the past five years, while the median unit price has jumped 28.5 per cent to $649,000, CoreLogic data shows.
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