Wheelers Hill could be Melbourne’s Hollywood Hills with dream listings
You’d be forgiven for thinking Wheelers Hill was making a play for the title of Melbourne’s Hollywood Hills.
Just days after 9-11 Lum Rd appeared on the market for what would be the biggest sale of the year, if it fetches close to its range of $5-$5.5 million, another towering mansion has been listed in the suburb.
Prominently positioned 11 Palmerston Cres comes with a more manageable price guide of $3.15 million.
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It also follows the sale of 3 Fairvew Ave for $4.3 million in March, with neighbouring 1 Fairview Ave still up for sale after over a year on the market, with a price range of $6.7-$7.37 million.
The six-bedroom, six-bathroom Palmerston Cres lifestyle property comes with dual double garages, Crystocia crystal chandeliers and a huge 836sq m of interior space spread across three floors.
RT Edgar Hawthorn agent Brett Vanderwert said a property of that size was a rare find in the area, making it perfect for multi-generational families.
“It’s very good for the more senior in a large family situation — you can just hop in the glass-door lift straight from the garages,” he said.
“It’s a low-maintenance block, which is great, so for people that are quite busy they don’t have to worry about too much upkeep in the garden.
“It certainly is the upper echelon in that particular pocket of Wheelers Hill.”
The three-year old property is for sale because the vendors — who built it — decided it was too big for their lifestyle.
“It’s been a labour of love and their pride and joy, they still want to live in the local area but they just want something smaller scale,” Mr Vanderwert said.
He said there had been a recent trend for families to gravitate towards private schools.
“A drawcard particularly that I’ve noticed — there’s been a little bit of a transition from people looking at the Glen Waverley school zone to now realising there is value in Caulfield Grammar,” he said.
“We think the jewel in the crown buyer is going to be that buyer who knows properties like this are very seldom seen — there’s a lot of scarcity value in them.”
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