The fully renovated Edwardian residence in a sought-after spot comes with a 1600-bottle wine tasting room.
A downsizing couple bought a Toorak terrace for $3.25 million.A young family paid $8.12 million at auction for the renovated Albert Park home of skincare mogul Geoff Pearce.
He bought the home for $7,725,000 in 2022, public records show, from Bruce Crome, who sold tea retailer T2 to Unilever in 2013.Set on a block of 466 square metres, the Edwardian residence dated to about 1900 but had been fully renovated with amenities such as Gaggenau kitchen appliances, a heated pool, basement gym/media room and 1600-bottle wine tasting room.
“A nice young family from Essendon bought it,” he said. “Homes that are fully renovated like this, with the way building costs have gone, they are the most popular homes we have at the moment.”Gowling said the market in his area is patchy and more challenging for homes in need of renovation or for the lower-end $1 million to $2.5 million bracket.Elsewhere, a three-bedroom Toorak terrace built in 1890 sold for $3.25 million to a couple downsizing from the Boroondara area.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hambleton House: Al and Rebecca Yazbek buy the Albert Park mansionNomad Group’s Al and Rebecca Yazbek have paid about $11 million for Hambleton House on Albert Park’s best street in Melbourne’s bayside.
Read more »
Young P-Plater driver dies in hospital two weeks after horrific Hampton Park collision7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Read more »
Search for attacker who fatally stabbed young surfer in Coffs Harbour car park continuesMore than 24 hours after a 22-year-old man was found with multiple stab wounds in Coffs Harbour, police are still searching for the person responsible.
Read more »
Greenhill’s banking arm logs $12m profit as Mizuho deal settlesThe investment bank had avoided filing its accounts, but an $836 million acquisition by the Japanese lender morphs the business into a larger advisory firm.
Read more »
Rival’s staggering $12m bid for Blues star revealed amid Carlton’s salary cap squeezeAFL: On First Crack, David King breaks down Jacob Weitering's positioning problems and references vision from the Friday night Collingwood clash.
Read more »
Retiring Reece chairman Tim Poole lists $12m South Yarra mansionMelbourne-based Reece chair Tim Poole and his wife Jane have listed their South Yarra home, Atherley, after 24 years owning the Italianate mansion.
Read more »