|Written by Marc Pallisco|
|Sunday, 29 July 2007 23:00|
Tags:Real Estate NewsVictoriaRose Porteous Sells Luxury Toorak Penthouseprestige residentialcelebrity
Melbourne socialite Rose Porteous has sold the second of her twin Toorak penthouses, just 18 months after buying them. The properties are just a few hundred metres from a site Rose is rumoured to be developing into a new home.
Rose's agent confirmed the Clendon Road apartment sold this week, but declined to elaborate on buyer or price. The 3-bedroom recently constructed apartment was on the market for most of the year with a price tag of $3 million.
Combined with the adjoining penthouse she sold just before Christmas last year, Ms Porteous sold for $6 million, what she paid for $4 million. The sale is another example of the strength of the market at Melbourne’s top end.
In another example nearby, an apartment in at unit 4 of 11 Albany Road returned its short-term owner a very healthy capital gain. It sold last Saturday for $1.53 million, almost double the $770,000 the vendor paid for the apartment just nine months earlier.