Subdivision likely as Elwood's Dickens Manor put on the market
The iconic Dickens Manor estate in Elwood has been listed for sale.
The house was built for the architect T.J. Crouch, who established the Royal Victorian Institute of Architects in 1856.
It’s been a wedding reception venue for many decades.
Offers are due by October 28, with more than $3.5 million expected.
The 1,296-square-metre site has an older-style two-level mansion and comes with a planning permit to reconfigure the existing building into individual residential units with scope for additional development on the vacant land.
The Dickens Street property has been listed by CBRE city sales agents Mark Wizel and Josh Rutman.
“We anticipate the strongest interest to come from developers looking to construct a multi-unit project and also expect interest from buyers looking to add a modern extension to the current classically styled building,” Rutman says.
Wizel says the location of the property is likely to help drive interest in the site.
“This is an ideal offering in the current funding climate as we have observed significantly less barriers to entry for developments of 50 or less units.
“We understand this to be both the preference of the majority of developers, as well as the preference of Australia’s leading financial institutions,” Wizel says.
