Owners of Gatsby Carlton terrace face $800,000 hit in latest market test

The owners of 67 Drummond St, Carlton, paid $6.5m for the lavish terrace, now back on the market with $5.7m-$6.25m hopes. One of Carlton’s most extravagant terraces has returned to market with a price guide starting $800,000 below what its owners paid. The four-bedroom house at 67 Drummond St is listed with Whitefox Northside for $5.7m-$6.25m, with managing director Dylan Francis saying the current owners bought it for $6.5m. A sale within the advertised range would therefore come in between $250,000 and $800,000 below their purchase price, before transaction costs.RELATED: Shock $6.5m Piastri move revealed Ex-AFL power couple link to $20m Toorak market kick $1bn worth of Aus shopping centres dumped Mr Francis said the owners had fallen in love with the extraordinary home when they bought it, but their circumstances had since changed. “They did purchase it for $6.5 million,” Mr Francis said. “So you might look at that and say, well, you know what, here’s an opportunity in a market that’s come back a little bit in value where someone might be able to reap the rewards of someone’s hard work.” Behind the heritage facade of the 1870s Carlton terrace is a dramatically transformed home f...