Alannah Hill secures $4.3 million in South Yarra

Jonathan ChancellorMarch 3, 2013

Fashion designer Alannah Hill’s South Yarra terrace sold for $4.365 million under the weekend auction hammer.

The Marshall White agent Marcus Chiminello said the property sold for $150,000 above the reserve price.

There were five bidders for Risby, the chic 1880s Victorian residence that sits within the Domain precinct across from Fawkner Park.

The three-bedroom, two-bathroom 1887 Victorian home had been expected to fetch $4 million-plus, before Hill's intended bayside move.

The two-storey house with retained period features has double garaging and a pool.

It cost a reported $4.31 million in late 2009 when sold by Virginia Monahan, who imports fine cashmere from Scotland to make into sweaters, and her husband Brad.

Ms Hill renovated after she bought the three-bedroom, two-bathroom 1887 Victorian home in late 2009.

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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