Pinecrest in Central Victoria with $3 million hopes

Pinecrest in Central Victoria with $3 million hopes
Pinecrest in Central Victoria with $3 million hopes

Pinecrest in Bright in Central Victoria has been listed with buyer interest tipped at around $3 million.

Pinecrest on Toorak Road is considered the gem of the town's premier residential properties, according to Dickens Real Estate agent Gerard Gray and Mario Paola.

Gray said he is expecting circa $3 million range, given the commercial development potential of the 1.5 hectare property.

The brick family home on Toorak Road belongs to former Sydneysiders Andrew and Sue Bamford, who moved to Bright in the 90s and bought the town's largest caravan park.

In 2001 they bought the original Pinecrest estate that included only a small cottage used as a holiday house with stables.

The main residence with 380 sqm under roof has three bedrooms, four bathrooms and a large formal and informal living space.

Pinecrest in Central Victoria with  million hopes

An additional building features a large doubled sided open fireplace, private entertaining bar, a dedicated home theatre room and a personal gym.

A swimming pool and tennis court sit on the grounds, as does a self-contained two bedroom guest accomodation.

There are over 100 established ornamental trees on the parcel.

Gray says that Pinecrest is a property for lovers of style, character, warmth and a touch of grandeur and is all centrally located and accessible in Bright, one of Victoria’s strongest tourist and getaway towns with excellent lifestyle, seasonal and business attractions.

“With its extensive scale and established vegetation and resort like facilities I consider that Pinecrest will appeal to a buyer seeking the best of living in regional Victoria.

“A developer would also see the opportunities here in terms of subdivision, potentially for a series of prestige allotments, even perhaps the creation of a high quality gated residential community, or a more commercial resort style or lifestyle living project by accessing the enabling permits.

“I am anticipating the Pinecrest will be sought by a family wanting a permanent or part time living experience that takes in the best that Bright, or the valley environments of north east Victoria can offer.

“We expect to attract developer interest with a project concept that takes in the undoubted potential of a great location with a large level site that affords a land banking or project option.

 

 

Joel Robinson

Joel Robinson

Joel Robinson is a property journalist based in Sydney. Joel has been writing about the residential real estate market for the last five years, specializing in market trends and the economics and finance behind buying and selling real estate.

Tags: 
Rural Listing Regional Victoria

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