AN OLINDA property with century-old gardens is aiming to be just the third house to sell for more than $2 million in the suburb.
No. 168-172 Falls Rd, which rose from the ashes of the landmark Georgian guesthouse which burnt down in the 1960s, has a $2.4-$2.6 million price guide.
The 2ha property with two residences has only sold twice in over 50 years, Fletcher Yarra Ranges director Scott Allison said.
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Century-old Kalorana homestead on the market
The main house blends into the contours of the garden property.
The gardens are established and well maintained.
“The original Georgian was the pre-eminent guesthouse in the Dandenongs and was hugely popular in the pre-war,” he said.
“After the fire, what remained was a pool, tennis court and the gardens.”
A new three-bedroom house was built in the 1970s, while the original stables were converted as a dwelling.
“The owners have lived there for a decade and when they bought it the property was in poor condition and the gardens overgrown,” Mr Allison said.
The charming interiors of the main house.
The kitchen features good use of recycled materials.
The main house has been transformed in an eclectic style, with the owners sourcing recycled and reclaimed materials from throughout Melbourne.
Materials for the deck came from the old Frankston pier while floorboards were sourced from churches and timber in the kitchen from various properties, Mr Alison said.
“The gardens are spectacular with mature trees and colour everywhere,” he said.
The property has a prominent yet quiet position opposite the National Rhododendron Gardens and features botanically significant grounds with Edna Walling-inspired rock walls and abundant wildlife.
The serene atmosphere of the gardens.
The gardens in full colour.
The renovated main house has picture postcard views and an easy indoor-outdoor floorplan. Bi-fold windows and doors open to the deck, pool and pool house.
The second dwelling is suited as in-law or guest accommodation and has an open-plan living area, elegant bedrooms with garden views.
Mr Allison said Olinda was a tightly held suburb with 745 homes and just 15 listings as at October 18 on realestate.com.au.
In April, 140-146 Falls Rd fetched $2.25 million, while the Kenloch estate at 487 Mt Dandenong Tourist Rd holds the price record of $5.2 million, which it achieved last year.