Alan Stockdale finally sells his Armadale home

The Armadale home of former Liberal Party federal president and state treasurer Alan Stockdale has secured the sale of his Armadale abode.

It had been passed in at $3,525,000 last month after interest fell well short of its $3.95 million reserve price.

Marshall White selling agent Marcus Chiminello also had the warehouse home of the Liberal Party heavyweight and his wife Dominique Fisher up for sale last December.

The property occupies a 410-square-metre block and includes two dwellings separated by a courtyard.

The main two-storey home is a former postcard factory, developed around 1900. It has been reconfigured to offer four bedrooms, a study and two living zones opening to the paved outdoor area.

Across the yard is a single-storey self-contained unit with two bedrooms.

Stockdale was Treasurer for seven years in Jeff Kennett's government, from 1992 to 1999, and is credited with rebuilding Victoria's finances following a crash in the economy.