The Vaucluse trophy home 'Werribree' will go to auction on St Patrick's Day, 17 March 2016. Max Spartalis, Associate Director of Raine and Horne Double Bay, and sales agent Mark Yeats, have joint-listed the rare property, which is located in a dress-circle position on New South Head Road in Vaucluse.

The home was built around the time of World War I, and has a versatile layout, including three living rooms, two sunrooms, a billiard room, a table tennis room, and alfresco terraces. The home has seven large bedrooms, two large dressing rooms, five-and-a-half bathrooms, parking for five cars, and an office. Outside, a tennis court and a large swimming pool and heated spa round out the entertainment options.

The property is a double block of 3,330sqm, and has dual-street frontage.

"The original grass tennis court at the rear of the property provides a huge, level oasis of manicured, lush, green lawns, with an adjacent covered pavilion area and fully self-contained coachman's residence / guest house above," said Spartalis.

"The property also boasts some of the best postcard views of Sydney Harbour, as well as the Sydney CBD, Sydney Opera House, Sydney Harbour Bridge and the New Year's Eve fireworks spectacular."

It's the first time Werribree has been for sale since 1961, when the Aldred family paid a record £41,000 for the estate. Peter Aldred was a decorated airman, who fought in World War II. He invented an additive for cement that kept it watertight and stopped it from corroding. He died in 2013.

"Werribree's sale in 2016 provides a rare opportunity to acquire one of the finest and last remaining Vaucluse mansions standing in its own grounds," said Yeats.

Werribree might appeal to overseas buyers moving here to take advantage of Significant Investor Visas and the lower Australian dollar, or a Sydney family looking to upgrade, said Yeats. "This signature address may also appeal to returning expat Australian entrepreneurs intent on benefiting from the Federal Government's recent innovation push," he said.