This grand Edwardian in Middle Park sold for a standout price after more than 100 buyer groups inspected the home.
A Middle Park Edwardian has blitzed Melbourne’s auction leaderboard with a $5.53m sale under the hammer that topped expectations by a whopping $1.53m.
The four-bedroom home at 100 Wright St clocked up more than 100 groups through its doors, across a hotly contested four-week campaign before a trio of serious bidders sent it soaring past its $4.1m-$4.3m price guide.
According to PropTrack’s weekly sales results data, it’s the highest publicly reported auction since 434 Gore St, Fitzroy, fetching $5.7m in the first half of April, a sign the market may be regaining momentum after a stop-start period caused by public and school hoidays around Easter and Anzac Day.
RELATED: Collingwood legend Alan Didak’s luxury pad fails to sell
Olympic medallist Alisa Camplin-Warner farewells Kew pad
Melbourne ex-home of apocalyptic cult The Family for sale
Jellis Craig Port Phillip director Warrick Gardiner said the sale price well exceeded what the vendors and he had hoped for.
“It was an outstanding result for the owners,” Mr Gardiner said. “
“It’s a solid brick Edwardian with a north-facing rear and great street appeal, and that mix of period charm and potential really struck a chord.”
Owned by the same family for 25 years, the home featured ornate Art Nouveau elements, a bay-windowed lounge room, soaring ceilings, tessellated hallway tiles, and a main bedroom on the ground floor.
A private north-facing backyard with alfresco kitchen and garden views was a major drawcard for lifestyle-driven buyers.
The formal lounge showcases original Edwardian features including leadlight bay windows, high ceilings and ornate fireplace detail.
But what truly turned heads was the back end, a cathedral-like living space with timber-lined ceilings, arched windows and stained glass, inspired by ecclesiastical design.
Mr Gardiner said while the rear renovation had been completed decades ago, most prospective buyers were planning to modernise it.
“That part of the home isn’t original Edwardian, but it was clearly done with care,” he said.
“It just needs a refresh now, and most of the interested parties were looking to do exactly that.”
Soaring cathedral-style ceilings and arched timber trusses add drama to the home’s rear extension.
A marble-tiled bathroom with garden outlook and premium fixtures complements the home’s refined period character.
The Jellis Craig Port Phillip director said the home attracted a mixed buyer pool, including downsizers from large blocks in the eastern suburbs who were drawn to the single-level layout and ground-floor main bedroom, and young Middle Park families upgrading from smaller cottages.
“That created a bit of a pressure-cooker effect,” Mr Gardiner said.
“When you have multiple buyer groups recognising the same value, that’s when things really take off.”
Striking renovation choices gave the home a religious feeling that worked for buyers.
This elegant bedroom features high ceilings, decorative cornices and a working fireplace framed by original marble.
Mr Gardiner said the home’s red-brick facade and original leadlight were the biggest visual drawcards, while its rare 408sq m block and zoning for Albert Park College sealed the deal for many.
“Middle Park is notoriously hard to get into,” he said.
“There’s not a lot of home’s like this and people hold for generations, you’ve got the beach at the end of the street and the CBD 2.5km away.
“Once you’re in, you don’t want to leave … it’s the kind of property you wait decades for.”
The kitchen blends period charm with practicality, featuring timber cabinetry, stone benchtops and a walk-in pantry.
Stained glass and arched cathedral-style windows create a striking focal point in the rear living space, inspired by traditional ecclesiastical design.
The winning buyers were a downsizing couple from Melbourne’s leafy east, seeking something character-filled, but more manageable.
Sign up to the Herald Sun Weekly Real Estate Update. Click here to get the latest Victorian property market news delivered direct to your inbox.
MORE: Huge home discounts: Aus suburbs to bag a bargain exposed
Inner Melbourne pad’s five-car garage revs up buyers
Brendan Fevola’s huge real estate win
david.bonaddio@news.com.au
English (US) · 