Albany Road Block Sliced and Diced, Now For Sale

A GRAND home in what is considered Melbourne’s best street – is back on the market for sale, after its backyard was sliced and diced by a neighbour.
 
Glenvill Homes boss Len Warson is selling the Coomaroo mansion, at 63 Albany Road, after carrying out a major renovation of the 5-bedroom home.
 
Mr Warson paid $8.4 million for Coomaroo last year, before subdividing the then 2,400 square metre block, into three.
 
Mr Warson will incorporate one of these blocks into the backyard of his estate next door.
 
The restored Coomaroo mansion, now on a 1,294 square metre block, is expected to sell for around $6 million.
 
A block of land between the two homes, measuring 511 square metres, is for sale separately at about $2 million.
 
Kay & Burton director Ross Savas is marketing the properties.
 
Albany Road is considered Melbourne’s best street, though some worry this title is at threat, if more estates like Coomaroo are subdivided and developed as nouveau riche townhouses.
 
Behind Albany Road’s 6-foot fences live some of the country’s most successful business identities including Lindsay Fox, Solomon Lew and David Haynes.

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Marc Pallisco

A former property analyst and journalist, Marc is the publisher of realestatesource.com.au.

Marc Pallisco

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