Northcote's Lugano nears record sale

Northcote's Lugano nears record sale
Northcote's Lugano nears record sale

Northcote's house price record was on the brink of being broken on the weekend as agents endeavoured to negotiate the sale of the suburb’s grandest residence, Lugano.

The post auction negotiations took buying interest up to $3.95 million, but it is yet to sell, though easily surpassing the highest price achieved by a house in Northcote, which CoreLogic records show was $3.15 million, fetched by an 1881 mansion last October.

The four-bedroom 1912 home, Lugano was offered by Don Taig, who restored it after purchasing it in 1990.

Mr Taig has lived in Northcote his entire life, and had admired the house since he was a child: “I always thought the king and queen lived there,” he told the Herald Sun.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

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Auctions Northcote

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