Media executive Rod Law has sold his East Melbourne terrace nine months after it hit the market.
One of a handful of homes opposite Yarra Park and the MCG, 114 Vale Street is speculated to be trading for $6.6 million – some $350,000 short of its guide up until January.
The ex-Fox Footy boss and radio commentator paid late surgeon Alan Basham and his wife, Deidre, $2.62m in February, 2013; the property had just been renovated by Karl Fender.
Mr Law modernised it again, spending $30,000 on a 36 square metre extension two years later.
114 Vale Street
On 213 sqm, the c1880 Hawthorn Brick Victorian contains four bedrooms, a library, formal and informal lounge and a rooftop terrace.
There is a rumpus room too, over a double lock up garage accessed from Margaret Lane.
Mr Law’s renovation included a kitchen (story continues below).
The dwelling also includes ornate cornicework, polished boards and hydronic heating.
Marshall White’s Marcus Chiminello and Jack Nicol picked up the listing last October when it was immediately priced at $6.95m.
Prior to that, the property failed to sell via an expressions of interest campaign with another agency, when the guide was $6-$6.5m.
Elsewhere in the suburb, in 2021, hospitality tsar Fab Ippoliti, who once owned Inflation nightclub, outlaid $25m for the ex-AFL House at 120 Jolimont St (the football association sold that property for $2.6m in 1996 ahead of a move to Docklands).
Last year, meanwhile, Elizabeth Ring, the ex-wife of former Swisse Wellness co-owner, Stephen, picked up the outgoing Victoria Police Association headquarters at 1-9 Clarendon St, on the north west corner of Albert, opposite Fitzroy Gardens, from the force for a speculated $22m.
Mr Law is expected to relocate in the inner east.
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