Terracedale, Northcote's $2.78 million record setting mansion

Terracedale, Northcote's $2.78 million record setting mansion
Jonathan ChancellorDecember 11, 2014

Terracedale, the 1873 Northcote home, sold at mid-week auction for a record $2.782 million when offered through hockingstuart Northcote.

The property at 3 McLachlan Street has easy access to Merri Creek.

The bluestone and brick residence has wide lace-trimmed verandahs.

It sits on a land holding of 1650 square metres, shaded by towering peppercorn trees.

Terracedale was built in 1873 for the pioneer engineer William Brown, one of Northcote's original grand houses.

It was the site of Melbourne's first private telephone service, from the home to church.

Close to Westgarth Village and Rushall Station, the property had been tipped to fetch $2.5 million-plus by hockingstuart's Sam Rigopoulos and Luke Maloney. 

It has been on and off the market since 2007, with $2.65 million sought on its 2012 relisting.

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

Editor's Picks

Woolworths to sell another prime Brisbane development site with apartment approval
TOGA's vision for building vibrant new community precincts across Sydney
Latent Defects Insurance 101: How off the plan developers and buyers both benefit from Resilience Insurance LDI
The Regent Fitzroy: Where architecture and lifestyle combine
Sterling success: How LDI boosted confidence for Scion and its buyers in Lane Cove North