Cumbrae, the Balwyn trophy home, remains listed
Jonathan ChancellorDecember 16, 2015
Some $7.5 million plus is expected for Cumbrae, a grand, early Victorian property surrounded by manicured gardens, in one of Balwyn’s best streets.
The extended five-bedroom, three-bathroom 1890s home boasts a Central tower with 360-degree views. There is some 800 sqm living space.
The house, listed through RT Edgar, sits on a 3072 sqm Yarrbat Avenue holding which takes its Scottish name from the Wark family ownership days.
Offers closed late last month without resulting sale.
It last sold at $5.65 million in 2010 and in 2007 at $4.35 million.
Title Tattle recalls it was sold at $1.1 million in 1989.
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.
Tags:
Residential Market
