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A string of 19th century homes which have come up for sale in the tree lined streets of Coburg, has raised awareness of the humble suburb, particularly to those relocating from smaller homes in the inner city, agents say.
Several million dollar properties are on the market, with agents saying a new record – for the Koorali mansion in The Grove – is imminent. The property is one of three expected to fetch more than $1 million at auction next month, and one of a dozen expected to sell for more than half a million.
Not bad for a suburb that has for years been defined by the 1970s double-fronted brick veneer.
The latest period home to hit the market is 13 Jesse Street, only a few blocks from Koorali. The fully renovated 4-bedroom double-fronted Victorian, with self-contained bungalow sits on a 913 square metre block of land, and has been the family home of a Carlton restaurateur.
Hocking Stuart Brunswick sales agent Stuart Evans says he expects the property to sell for more than $750,000 when it goes to auction at midday on March 10.
Other properties to come to the market recently include a 1920s Californian Bungalow at 5 The Grove which is expected to sell for more than $1.1 million, and an architect-designed sprawling mansion overlooking the Merri Creek at 8 Baker Street which is expected to fetch more than $900,000. Both these properties are being managed by Nelson Alexander.
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