Sold by Michael Armstrong of Kay & Burton, who told WILLIAMS MEDIA, “I’ve never seen a market where sales are made within days of being listed whilst the broader economy is under pressure.”
This substantial, yet low maintenance contemporary home close to Beatty Avenue shops, cafes, restaurants, and wine cellars, has been sold by Michael Armstrong of Kay & Burton.
The four bedroom residence overlooks 'Victory Square' Park and is just 150 metres from Toorak train station.
Michael Armstrong told WILLIAMS MEDIA the property sold after 5 inspections and 3 days on the market to a local family from the area who were especially taken with the park aspect. The private sale is undisclosed at the top end of the price range ($3.5m - $3.8m).
“This is an immaculate 10 year old home that the new owner would not have to spend a cent on - this really appeals to most buyers these days; but the big draw card was the position overlooking acres of parkland which is difficult to find anywhere in Melbourne, of course,” Michael told WILLIAMS MEDIA.
“There has been a top in both supply and demand, but the market seems to be balanced in terms of supply and demand. I’ve never seen a market where sales are made within days of being listed whilst the broader economy is under pressure,” Michael told WILLIAMS MEDIA. “Perhaps we’re seeing a flight to safety in residential property at the moment.”
Elevated for privacy and to enhance the north / westerly orientation, this brilliant residence features low maintenance gardens, secure garaging for two cars with as many as four additional spaces off street, 1600 bottle wine cellar, gym, hydronic heating, cooling, remote blinds, security system, solar panels, water tanks and a long list of additional features.
A flexible layout is ideal for entertaining on any scale, with park or garden aspects maximised from every part of the property.
Related reading:
Get to know Michael Armstrong of Kay & Burton
'Tara': Spacious town residence between Toorak and Hawksburn sold after 13 days