North Melbourne house built with winnings of racehorse Tridentine
The real prize from a lightning 19th century racehorse dubbed “the Phar Lap of the (18)90s” by media in the 1930s might be this North Melbourne Victorian home.
The property at 8 Melrose St is named after Tridentine, whose owner built the house with their prized horse’s winnings, according to local legend.
It is now on the market with a $1.35-$1.45 million price tag, well above the $550,000 selling price from September 2005.
The property is expected to head under the hammer on August 10.
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Jellis Craig Kensington agent Lucas Mills said the house was built on the back of Tridentine’s prize money.
“Tridentine was quite a successful horse, and the proceeds of (her) winnings paid for the house to be built,” Mr Mills said
“These double-fronted, bluestone brick and single-level homes are tightly held in North Melbourne, and the story adds a bit more character,” Mr Mills said.
“The vendors lived there a number of years ago with kids, and it’s been an investment since they moved out.
“It’s immaculately presented and there’s good scope for a contemporary extension at the back, subject to council approval.
“It’s in very liveable condition.”
The elegant facade features iron fencing and decorative lacework.
Surrounding the entrance are three bedrooms with built-in wardrobes and a lounge room, all with fireplaces.
It leads to the open-plan kitchen, living and dining room on chequered floorboards, and opens to the courtyard and car space.
The property has heritage overlay.
Mr Mills said the home was well suited to a family, given its location close to schools and shops, as well as “anyone looking to buy blue-chip real estate in Melbourne”.
“The vendors have owned the property for a number of years, and feel the time is right to do other things,” he said.
“It is an eye-catching property that people are engaging with, and the first inspection is on Saturday.
“That will provide a good tale of the tape.”
The property has been leased for $495 per week since February 2008, according to CoreLogic.
According to Trove and The Richmond River Herald and Northern Districts Advertiser from September 9, 1932, “Tridentine ran in 66 races, of which she won 20 and filled minor places in 13 others, her total stake winnings being £2000”.
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