Computershare co-founder Chris Morris, has sold his renovated Middle Park art deco for a speculated $12-$13 million.
On 927 square metres at 223 Beaconsfield Parade – the waterfront row considered one of Melbourne’s most valuable streets based on land rates – its trading to an as-yet-undisclosed buyer.
Mr Morris converted the home from a block of flats.
Designed by Chamberlain Javens Architects with interiors by Kerry Phelan Design Office, the property contains a three storey main dwelling with four bedrooms, five bathrooms and formal and informal living and dining areas.
A self-contained apartment, offering another bedroom, sits atop a four-car garage accessed off Ashworth Street.
Mr Morris was represented by Kay & Burton’s Michael Armstrong with Cayzer’s Geoff Cayzer, who declined to comment about the deal details when contacted (story continues below).
However of the prestige Melbourne market, Mr Armstrong said there has been a noticeable shift in sentiment since the federal election – a time of year which is traditionally quiet for transactions.
“Over the past four weeks, several deals in blue-ribbon suburbs including Armadale and Toorak worth more than $9m have been sealed, mostly off-market,” the agent added, without elaborating the addresses.
“We also have a number of properties…under offer in excess of $5m across all parts of Melbourne – anyone with a long term view is capitalising on current conditions”.
According to the broker, local buyers have “regained their confidence” in recent weeks while offshore, enquiry is “picking up from Hong Kong in particular given events unfolding in the region”.
“There is really good activity off market – we’re representing a growing number of vendors at the top end wanting a quieter more considered path to a sale; which also suits a lot of buyers….we anticipate this will continue to be the trend for the next little while”.
Last week, we reported a 4257 sqm block at 16 St Georges Road, Toorak – the street considered with the suburb’s Albany Rd, to be Melbourne’s most exclusive – was listed for $40-$44 million.