The $8,188,888 Monomeath Avenue, Canterbury trophy home
Jonathan ChancellorDecember 7, 2020
After just seven days on the market, 25 Monomeath Avenue, Canterbury found a buyer mid-week.
The Chinese vendor secured $8,188,000, having done very little to the house that cost $4,812,790 in 2013.
The 1868 sqm battle-axe block with an early 1990s one storey brick home sold to a buyer from Macau through Louis Lin at AVE Real Estate.
Now replaced by European chateaus, few of its Edwardian era homes remain along the avenue lined with beautiful oaks planted from the day when the road was made in 1911.
While the sold property does not come with noteworthy former political links, such has Hamer and Peacock, it was the home of John Mott, whose family founded the Melbourne newspaper chain Leader Associated. Mott bought bought the home shortly after the 1986 sale of his stake in the Herald & Weekly Times.
The avenue's record price of $13,188,000 was set in 2015 with a purchase by Qiuying Sun with other sale prices also coming with the lucky 8 number.
There was also a $12.08 million sale when Yi Qian purchased a three level Phillip Mannerheim designed trophy home, with lift-access from its eight car basement. The six bedroom, six bathroom home came with interiors designed by the late Stuart Rattle, within Paul Bangay gardens.
There was a $8,000,888 sale in 2010, though it was not to a Chinese buyer.
Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.
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Canterbury