Kew trophy home sells at private auction
A rumoured $11.5 million has been paid for a Kew home.
The 35 Sackville Street trophy home sold at private auction through Kay & Burton agent Scott Patterson which was brought forward on its marketed May 12 auction date.
It has a resort-style pool, seven-seat cinema, two studies, gym, floodlit tennis court and five-car underground garaging.
It was built eight years ago, Fairfax Media noted.
Kew's last big sale was when the Armadale-bound president of the Hawthorn Football Club Andrew Newbold and his wife, Sarah, sold their Kew home which was listed with $9 million expectations through Kay & Burton late last year.
No settlement documents have yet been registered, and the price has been withheld.
The 9-11 Edward Street offering was a 2,700 square metre block with an Edwardian-style residence with north-facing rear swimming pool and floodlit N/S Mod-grass tennis court.
Sarah Newbold, an interior designer, oversaw the renovation which followed its $5.5 million purchase in 2008.
The street has had two higher sales since, both in 2012 and both to Chinese buyers.
Kew price disclosure is an issue.
Earlier this year another private auction had everyone talking.
But without price confirmation until settlement, much of the chatter is ill-informed.
The Australian Financial Review advised the private auction secured a bullish $5.6 million price for 10 Blythswood Court.
Expectations, they wrote, had been in the high $4 millions and the highest pre-auction expression of interest was reportedly $5.1 million.
The Age had previously reported pre-auction the Smorgon family had price expectations of near $6 million.
Then there were weekend News Ltd reports that it sold for more than $5.75 million.
"It is understood six bidders fought for the four-bedroom home and that it sold for more than its quoted price guide of $5.75 million-plus," the report said.
The selling agents clearly aren't that helpful with any confirmation, given it was a supposed private auction, so sadly the market remains ill-informed.
The riverside family estate sits on a 3,354 square metre holding with gas-heated in-ground pool and floodlit North-South tennis court.
Kay & Burton sold it in conjunction with Castran Gilbert Real Estate.