Three days was all it took for former global managing partner of mining and metals executive search firm, Heidrick and Struggles, Jim Hayman, and his wife, Kerri, to sell their contemporary mansion in Melbourne’s ritzy Armadale.
Opposite Victory Square, 14-16 Ashleigh Road is believed to have traded for about $3.8 million.
Built in 2010 – replacing two properties the pair bought about a decade earlier – the permit came in six weeks before City of Stonnington introduced a Heritage Overlay affecting the area.
On an elevated part of the block, with several outdoor areas that can be neither built out or overlooked, the home incudes a wine cellar capable of storing 1600 bottles, four bedrooms, study off street parking for four cars and a double garage.
Ashleigh Road is 150 metres from Toorak train station and near Beatty Road shops.
This site is opposite a low rise component of Lend Lease’s Toorak Park, a $550 million project with 16 buildings – a mix of townhouse and apartment complexes – on a 2.5 hectare site at 590 Orrong Road, a former owner-occupied state government office, then investment, for ex-Skilled Engineering chief executive Greg Hargrave.
Toorak train station and Toorak Park are both in Armadale.
Kay & Burton’s Michael Armstrong represented Mr and Mrs Hayman, who intend to spend more time at another dwelling they own in Portsea on the Mornington Peninsula.
The agent said demand for high quality listings such as 14-16 Ashleigh Road is strong – but supply is limited.
“Marketing is playing a huge role at the moment,” the executive added.
“There is so much off-market stock available, but to advertise is to show motivation and buyers are gravitating towards the advertised stock”.
Armadale is about seven kilometres south east of the city.