Real Estate

Templestowe renovation set for sale $1m above year’s biggest

Written by The ReReport
As seen in the Source link, written by on 2019-10-25 13:09:00

This Templestowe mansion has price estimations of $4.5-$4.9 million.

No expense has been spared turning this already glamorous Templestowe mansion into a delightful dream home.

The five-bedroom house on 3972sq m, with address only given out on request, has a price guide of $4.5-$4.9 million.

Templestowe’s highest recorded sale price for the year was the $3.4 million paid for the car-lover’s property with a 12-car garage at 50 Mahoney St in June.

RELATED: Car lovers to worship 12-car Templestowe garage

Templestowe mansion sells in 12 hours after almost a year lead up

Templestowe heritage ‘The Barn’, built by anthropologist Donald Thomson, for sale

What the facade looked like in 2012.

A rumpus room is one of multiple entertaining zones in the property.

The suburb’s largest recorded sale was the $7.2 million paid for 327-329 Church Rd in November 2006. That property sold for $6.9 million less than two years later.

The affluent suburb’s median price to July was $1.221 million, down 11 per cent over the past year, according to CoreLogic data.

Slate stone in the old kitchen …

… compared to the charming modern one.

The Agency Hawthorn director Peter Kakos said the house had undergone an “incredible transformation”.

“The quality of the finish is exceptional; the ironwork through the property, the flooring — it’s just a beautiful family home.”

The outdoor pool area …

… has also been updated.

Mr Kakos said the property would appeal to buyers coming from the eastern suburbs private school belt.

“We often talk in real estate about parents’ retreats, but this is more like a parents’ apartment,” he said of the property.

“The sheer size of the parent’s wing is amazing: with a hotel-like ensuite, the walk-in robe is like something from a Louis Vuitton store.”

Carpeted formal dining …

… has been touched up.

Significantly larger than most bedrooms, the walk-in wardrobe measures 6.1×6.1m.

The vendors of the property are downsizing.

“It was renovated to live in for a long, long time. Circumstances have brought us to this moment where someone else is going to get a pretty specced-out home,” Mr Kakos said.

The palatial main bedroom features a private balcony.

A generous paved alfresco space.

READ MORE: Scouts Victoria selling Lilydale campground ‘Wishart Lodge’

Yarra Ranges tree-change properties on the market

Melbourne market’s biggest test looming as celebrities auction