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Prestige market booms in Moonee Valley

Corporate - Home Page
27 August 2021
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Multi-million dollar top end sales soar in Melbourne’s north-west

Prestige homeowners in Moonee Valley are being rewarded with stellar results and eye-watering prices.

Despite the challenges of last-minute lockdowns, outstanding sales results showed the strength in the market, according to Barry Plant Essendon/Keilor East director Bill Karp.

There has been a rising demand for prestige properties from well-heeled locals taking advantage of the low-interest rates to upgrade and stay in the area, Mr Karp said.

“Families living further out and wanting to move closer to the city are also showing strong interest,” he added.

“They are paying a premium for high-end homes with all the bells and whistles and located near good schools, the river and parks.”

In Keilor East, the $2.98 million sale of a modern five-bedroom house with a pool on 702sq m at 42 Valley Lake Boulevard, smashed the local record by about $1 million.

“This was a terrific sale and generated so much interest that five buyers put up their hands for the keys well before the scheduled closing date for offers,” Mr Karp said.

Listed for $2.4m-$2.6m, the architect-designed owner-built home was snapped up by a family from the northern suburbs, Barry Plant Keilor East selling agent Walter Mahch said.

With a split-level design, European oak floors and 4.8m ceilings, it features multiple indoor and outdoor living areas and a self-cleaning lap pool.

“There’s not much else like it in Keilor East,” Mr Mahch said.

In images 1/442 Valley Lake Boulevard, Keilor East, 3033

Another rarity that achieved a standout result was the yet-to-be-built architect-designed townhouse at 132A Park St, Moonee Ponds that sold off-market for a whopping $3.55 million.

The four-bedroom tri-level home with a pool near Aberfeldie Park and the Maribyrnong River won the heart of a buyer from the northwest suburbs registered on the agency’s database.

“This is one of the highest prices paid for a townhouse in this area,” Mr Mahch said.

In Aberfeldie, a family from the outer north-western suburbs splashed $3.55 million on a four-storey five-bedroom townhouse at 102A Fawkner Street, before it was constructed.

“This was a record price for a townhouse in Aberfeldie,” Mr Mahch said.

The unique property features a rooftop terrace, indoor pool and a lift, plus it is in a coveted pocket within a hop, skip and jump of the Maribyrnong River.

In images 1/6102A Fawkner Street, Aberfeldie, 3040

In Niddrie, a brand new four-bedroom house at 40 Newman Street, sold at an online auction for an impressive $1.921 million after bidding soared beyond all expectations.

“The auction was a tremendous success, with the property achieving one of the highest prices on record in Niddrie,” Barry Plant Essendon sales agent Paul Filippone said.

The underbidder who lived in the same street was defeated by a buyer from Roxburgh Park who wanted to move closer to their workplace and the city.

The property on 666sq m was originally designed to accommodate extended family members and features two main bedrooms with ensuites, Mr Filippone added.

In images 1/340 Newman Street, Niddrie, 3042

And in inner-north Parkville, a five-bedroom showpiece at 164 The Avenue, sold before its Sale by SET DATE closing date for $3.95 million.

The stunning property with an innovative design attracted offers from three inner-city buyers, according to Barry Plant Essendon sales agent Caleb Venneri.

“The buyer from Brunswick wasn’t looking to buy a home but when he walked past and saw the board, he made an irresistible offer,” Mr Venneri said.

Near the Royal Park golf course and Melbourne Zoo, the one-owner home was designed by award-winning Peddle Thorp Architects.

A standout is the rooftop entertainment deck influenced by New York-based sustainable garden designer Todd Haiman, with an outdoor kitchen and barbecue.

It has a balcony with city views where one can hear the animals at the zoo and watch the birds and golfers at the ninth hole, Mr Venneri added.

In images 1/5164 The Avenue, Parkville, 3052
Corporate - Home Page
27 August 2021
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