Blue ribbon Melbourne pile listed with controversial permit

The permit-ready Malvern site is expected to sell for over $13 million.

An 1880s home on a double corner block in Malvern’s exclusive Claremont Avenue precinct, which has a heritage overlay, has been listed for sale, months after the Victorian Civil and Administrative Tribunal approved it be replaced with apartments.

The outgoing home and tennis court at 204-208 Wattletree Road.

Third Street director David Joachim is the vendor – the 2453 square metre holding, 204-208 Wattletree Road, is expected to sell for more than $13 million.

He paid $4.05m in 2013.

The heritage overlay was then removed, allowing Carr Architects to pen a four storey complex with 18 “house sized’ dwellings over basement car parking (artist’s impression, top).

VCAT approved the development, at the south west corner of Staniland Avenue, mid-last year. It will also replace a tennis court.

Cushman & Wakefield’s Daniel Wolman, Leon Ma and Joe Kairouz – the latter, this quarter one of three senior executives to quit Colliers after a mass exodus last year – are the agents.

Big units planned

While the dwelling at 204-208 Wattletree Rd was developed in the 1880s, it was extensively refurbished in the 1930s; according to a City of Stonnington planning report, there are no visible elements of the original house.

The bulk of the proposed apartments – 15 – will contain three bedrooms, with internal areas between 129-219 sqm (story continues below).

The permitted Wattletree Road project with 18 units over four floors.

Half these units will measure at least 180 sqm.

Two flats will contain two bedrooms, between 124 and 129 sqm.

There is also a 59 sqm single bedroom apartment.

Buyers of three bedroom units in recent local projects pay over $20,000 per sqm.

A four bedroom, four bathroom penthouse at Urban DC and GLAG Developments’ Heirloom, at 1167-1193 High St, Armadale, achieved over $50,000, by comparison.

The 204-208 Wattletree Rd block is almost diagonally adjacent to Cabrini Hospital, walking distance to the Glenferrie Rd retail stirp.

Malvern is eight kilometres south east of Melbourne’s CBD.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of