Melbourne’s Avon Court relisted after price revised to $40 million

One of the bathrooms is tiled with images of late Richmond footballer Jack Dyer.

Hawthorn’s palatial Avon Court is back on the market.

The four-storey home, which reportedly, temporarily set a Victorian price record when it sold to Autobahn founder Garry Dumbrell for more than $20 million in 2009, carries hopes of $40 million this time around.

At 18-20 Shakespeare Grove, Avon Court was offered for sale in May before being withdrawn. According to reports, it carried price hopes at the time of between $45 million to $50 million.

RT Edgar’s Jeremy Fox and Helena Chow relaunched a campaign this week with the revised price.

The vendors acquired Avon Court from Mr Dumbrell in 2014 for $19.8 million. Mr Dumbrell bought it five years earlier from former Richmond Football Club president Clinton Casey, who had undertaken a multi-million renovation. One of the seven bathrooms is tiled with images of late footballer Jack Dyer.

Avon Court famously offers eight kitchens, including one configured around a teppanyaki table. It is also designed with nine bedrooms, a 10-car basement garage, 18-seat home cinema, ballroom, gym, staff quarters and a wine cellar capable of storing more than 4000 bottles.

It sits on a 4249 square metre block which Mr Fox said offers “outstanding 360 degree views of Melbourne”. The property also includes impressive fully landscaped gardens.

The home includes a 10-car garage.

Avon Court neighbours the Invergowrie estate, which former NAB and Australia Post chief executive Ahmed Fahour listed for sale earlier this year.

Also expected to sell for more than $40 million, Invergowrie was withdrawn in August after several months on the market, but is expected to be re-offered, given Mr Fahour spent $16 million in March on another historic home in the suburb with plans to renovate.

The record price for a home in Melbourne was reported in February year when an offshore investor paid art dealer Rod Menzies $52.5 million for the historic Stonington estate in Malvern. Built in 1890 for Cobb and Co coaches partner John Wagner, Stonington was also once Australia’s government house.

Avon Court includes two swimming pools.

Marc Pallisco

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

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