Waterfront pile set to smash Brighton record

Teychel was last for sale in 1971.

The family of late car salesman turned property developer Bruce Terry is readying to list Brighton’s landmark Teychel.

The Barlow family this month listed 39 Seacombe Grove with a c$30m guide.

With a speculated $46-$50 million guide, 16-18 Moule Avenue could nearly double the suburb’s record of $25m, set last June when the Zagame family sold nearby 25-27 Kent.

Mr Terry paid $205,000 in 1971 – setting a metropolitan watermark.

On 4578 square metres at the north west corner of Seacombe Grove, behind a high brick fence, it contains a pool, tennis court and guest house.

The sprawling yard also includes four landmark trees – the area’s tallest – at the northern boundary of Sandown Street Beach, which the holding abuts.

The single storey house itself, is original; it was occupied by Mr Terry’s wife, Judith, until her death earlier this year.

Kay & Burton’s Ross Savas is the marketing agent (story continues below).

Shannagolden traded for $18 million in 2014.
The Zagame family sold 27-29 Kent Avenue last June.

Prized pocket

The listing comes eight years since Shannagolden – on 3900 sqm at 12 Moule Ave, part-abutting the Terry property – was sold by pathology executive Wallace Cameron and his wife, Jan, for $18m.

In 2015, the Barlow family, which co-owns the 7-Eleven and Starbucks brands in Australia, outlaid $22m for 39 Seacombe Gve, also in this pocket. On 1504 sqm, it held the title as the suburb’s highest priced residential transaction until the Zagame sale.

Coincidentally that property was also listed for sale this week, with a $30m guide.

Buxton’s David Hart and Ben Vieth are the agents.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.