Family sells Hawthorn East super-site for $11.68 million

EXCLUSIVE

Four neighbouring, historic red brick homes in Melbourne’s leafy east, listed for sale in July as a development opportunity, have sold for $11.675 million.

The Hawthorn East properties, 6, 8 and 10 Tourello Avenue and 9 Myrniong Grove, occupy a 3460 square metre battle-axe shaped plot.

Branded for the marketing campaign as The Anderson Hill Collection, the homes are selling to three families.

The four homes which formed The Anderson Hill Collection are expected to be replaced with new builds.

The four single-storey dwellings are expected to be replaced with four new builds, but this could not be confirmed with the marketing agents, Savills’ Julian Heatherich and Benson Zhou with Marshall White’s Hamish Tostevin and Duane Woloweic.

The vendor was a family which bought the first home during the Melbourne Olympic Games in 1956.

Hawthorn East is one of Melbourne’s most valuable suburbs with a median house price of $2 million, according to REA Group data.

Modest dwellings not protected by heritage laws, like those offered as part of The Andreson Hill Collection, are increasingly making way for both large family homes, and medium density/townhouse projects.

Last week, and despite community objection, a historic home at 368 Auburn Road, Hawthorn East, was demolished to make way for a medium density residential project with 14 dwellings.

Planning minister Richard Wynne intervened to stop the demolition of this home at 337 Auburn Road, Hawthorn East, in May. Last month, however, developers razed another historic home at #368, across the road.

However four months ago, planning minister Richard Wynne intervened to stop the razing of Currajong House, across the road, at 337 Auburn Road, Hawthorn East (pictured, above).

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Marc Pallisco

Marc Pallisco

A freelance property writer and analyst, Marc is a co-founder of realestatesource.com.au.

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