Auction wrap: Historic Toorak trophy home Glyn sold, price unknown

The historic Toorak trophy home Glyn has been sold, having been listed midway through the pandemic lockdown by Jacqueline Blackwell.

The home on Kooyong Road, Toorak, dates back to 1908 when designedfor the BHP founding shareholder Sir Edward Miller.

The historic Toorak trophy home Glyn has been sold, having been listed midway through the pandemic lockdown by Jacqueline Blackwell, the partner of JB Hi-Fi boss Richard Murray.

No official price details have emerged from the Marshall White agency, which had a $14m to $15.4m price guide.

The Kooyong Road home dates back to 1908 when designedfor the BHP founding shareholder Sir Edward Miller.

The arts and crafts-style home, with gabled roofs, prominent eaves and artisan features, comes with six bedrooms, six bathrooms, a gym, billiards room and three studies.

The 2420sq m grounds have a tennis court and heated pool.

It was last sold in 2016 at $11m by the corporate adviser Jane Stuchberry. The recruiter Lorraine Tribe ranks among its prior owners who have also included Joe and Zita Gersh and Mark and Shari Read.

Another recent private treaty Toorak sale saw the former abode of celebrity chef George Calombaris sell in Toorak.

No formal sale confirmation of the McMaster Court sale has come, but a caveat was lodged in early October regarding its off-market sale.

The five bedroom mansion within Paul Bangay gardens was bought solely in wife Nicole Tricarico’s name for $4.75m in 2013.

Yours for just $25m

The latest Toorak trophy home has hit the market with a price guide of $23m to $25m on ­Myvore Court.

Toorak hasn’t seen such a modern home like this hit the market since 9 Towers Road, which was sold by the Besen family in 2016, according to Sarah Case at RT Edgar.

4-5 Myvore Court, Toorak.

The bespoke Leone Construction-built home was designed by Cera Stribley andsits in Phillip Withers-landscaped gardens.

It is understood the home has only been lived in for less than a month as the owners headed north before the first Melbourne lockdown and have decided it’s where they will be spending more time.

The vendors have now ­decided to sell the home that took over three years to build.

The neighbouring block is also for sale, which would work as a tennis court.

Melbourne picking up

Of the 1100 weekend results collected so far, 842 were successful auctions, equating to a 76 per cent clearance rate, according to CoreLogic’s preliminary national figures.

There were 1456 capital city homes taken to auction over the last week, the largest volume since early April. It is still well down on a year ago, when 2622 capital city auctions took place with a 72 per cent success rate.

There was an increase on the 1131 auctions of the prior week, which saw a revised 66 per cent final clearance rate.

The increase can be attributed to more offerings across Melbourne, where 505 homes were taken to auction.

CoreLogic figures show the weekend was the busiest in Melbourne for a AFL Grand Final weekend since the rematch after Collingwood and St Kilda drew in 2010.

Most vendors and their agents typically give the big day a miss. However, the weekend was the first with public onsite auctions since they were banned in Melbourne on July 8, and the grand final was held in Brisbane.

Melbourne’s top disclosed sale was $2.71m for a four-bedroom house in Sandringham.

The Collingwood Street home was listed with $2.6m to $2.7m hopes through Buxton.

The building block traded at $990,000 in 2008 with a two-storey Metricon Signature home then built with a solar heated swimming pool at a $410,000 development application cost advisory.

A three-bedroom single-level home on Toorak Avenue, Toorak, passed in on a $2.9m bid after bids from two of the six interested parties, and sold soon after at an undisclosed price.

“Melbourne is picking up,” AMP Capital chief economist Shane Oliver tweeted on Sunday.

“The reopening, government incentives, likely even lower rates and the escape from the city are dominating the drags from high unemployment and the hit to immigration at present,” said Oliver.

Clearance hits 80pc

Some 712 Sydney homes were auctioned this week, and of the 551 results collected so far, 80 per cent were sold.

Sydney volumes increased slightly over the prior week, but were down on the same time last year when 771 Sydney auctions were held, returning a final auction clearance rate of 74 per cent.

Andrew Wilson, the chief economist at My Housing Market, calculated that six out of 11 Sydney regions had a clearance rates above 80 per cent, up from five on the prior weekend.

Sydney sales included two derelict semis sold by a family in Rozelle after 80 years of ownership, which saw around 15 registered bidders.

A semi on a 355sq m block, which had a price guide of $1.8m, fetched $2.12m.

And Cindy Kennedy at McGrath sold a smaller semi on a 120sq m block for $1.1m, having offered a price guide of $980,000.

“A family of architects and builders bought both,” she said.

“Their design and workmanship is an extremely high standard so I can’t wait to see what they do.”

2 Tennyson Road, Concord.

There was also a hoarder’s home at Concord in Sydney’s inner west which sold for $3.41m at its weekend auction through Ben Horwood of Horwood Nolan. Some 11 bidders registered to bid for the 1080sq m deceased estate land holding which was marketed as having the potential for a duplex.

Sydney’s top reported sale was at Bondi, where a recently completed five-bedroom Anglesea Street house was sold for $5.2m. It featured contemporary indoor living and entertainment areas over multiple levels on its 514sq m building block which cost $2.3m five years ago.

The family who bought it were looking to live closer to schools.

Deakin dominates

It was a tight finish between Canberra’s top two sales. Realestate.com.au reported an 83 per cent success rate, topped by a five-bedroom Deakin house fetching $1,555,000 on Bedford Street.

Ray White secured $1.55m for their Garran offering.

42 Couvreur Street, Garran, ACT.

The Couvreur Street home, with gardens that feature in the Open Garden Scheme, last traded over 40 years ago.

The campaign saw 170 groups inspect the 1977 brick house designed with 305sq m internal space designed by architect Gary Willemsen.

Adelaide on top

Adelaide was the best performing capital city, with realestate.com.au calculating its success rate at 90 per cent, based on 29 auction results.

The Ray White South Australia chief auctioneer John Morris advised auctions were averaging five registered bidders. There were 12 bidders when a Fulham Gardens offering sold at $705,000.

A recent private treaty sale saw the Adelaide home of retired South Australian football great Chad Cornes sell.

He’s trading his suburban beachside house for the country, securing $2.7m for his Glenelg South home.

He’s off with his pregnant partner Mikayla Graetz to Kangarilla, just north of McLaren Vale, where they will build.

Cornes, who is Port Adelaide Football Club’s forward development coach, built the contemporary five-bedroom home in 2009 with a pool and tennis court.

He bought the 1129sq m property in 2004 for $950,000 and sold through Harris Real Estate agents Kris Casey and Laura Prest. His 2008 development application came with a $200,000 estimate.