Historic Rosebud offering Parkmore fails to sell

Historic Rosebud offering Parkmore fails to sell
Historic Rosebud offering Parkmore fails to sell

Parkmore, a historic 1891 Victorian mansion in Rosebud, the seaside town on the Mornington Peninsula, failed to sell at weekend auction.

McEwing & Partners Mornington agent Quentin McEwing saw two bidders compete for the property before it was passed in at $3.175 million

The heritage listed manor had an initial guide of $2.7 million to $3 million which was amended to a price guidance of $3.2 million to $3.5 million..

It was listed last year with $3 million to $3.3 million price guidance.

It now comes with a price guidance of $3.2 million to $3.5 million.

It last sold at $2,825,000 in 2016 when bought by the property developer Robert Kampf.

Directly opposite a long sandy stretch of beach, the 741-743 Point Nepean Road house comes with three living/dining rooms, a modern kitchen, wine cellar/cantina, six bedrooms, and an array of verandas and patios.

Historic Rosebud offering Parkmore fails to sell

Other features include heated swimming pool & spa, fireplaces, sash windows and ducted heating & cooling. 

It is within short walking distance to the McCrae Plaza, the yacht club, restaurants and cafes.

Historic Rosebud offering Parkmore fails to sell

It is listed by Quentin McEwing and Marcus Gollings from McEwing & Partners Real Estate.

The suburb's median house price sits around $560,000, according to CoreLogic. 

Rosebud was raked in late 2017 as the cheapest place to buy on the Mornington Peninsula. 

  Median house Annual growth 5 year growth
Dromana $685,000 18% 84%
Blairgowrie $856,000 15% 84%
Tootgarook $553,500 16% 86%
Sorrento $1.3m 30% 92%
Safety Beach $720,500 16% 81%
Rye $643,500 18% 87%
Rosebud $526,000 17% 83%
Portsea $1.86m 0% 82%
Mount Martha $935,750 19% 91%
Mount Eliza $1.1m 22% 91%
Mornington $805,000 17% 91%
 
Source: Domain Group House Price Report, December quarter 2017 

 

Tags: 
Rosebud

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