Brighton landmark home poised to double price record with $50m price tag –

Brighton landmark home poised to double price record with $50m price tag -

The large property would set a brand new document for Brighton.

A Brighton landmark is slated to double the prosperous suburb’s home worth document after being listed for an unbelievable $46m-$50m.

The historic 16 Moule Ave mansion often known as Teychel has hit the marketplace for the primary time in additional than 50 years, after it bought to late property developer Bruce Terry and his spouse Judith.

It’s solely had two homeowners in its 100-year lifetime, and it’s third should set a brand new benchmark for the coveted suburb to get the keys.

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Kay & Burton director Ross Savas is handling the sale and said few homes of its scale were available.

“When the property last sold in the ’70s, the media described it as ‘undoubtedly one of the best blocks in Melbourne’ and that statement holds true to this day,” Mr Savas said in a statement.

It has been described as one of the ‘best blocks in Melbourne’.

“Melbourne’s prestige property market is tightly held with few properties of this scale coming to market … an estate of this significance being offered for sale shows the strength and resilience of our market.”

Mr Savas added that buyers are likely to renovate the three-bedroom property or build a new “trophy” home in its place.

Prime bay views, a swimming pool, tennis court and boat shed join a self-contained cottage, with its interior features untouched since the last renovation in the 1970s.

“With the Australian dollar at its current level, the international market will see a lot of value in securing a generational family compound on such a substantial landholding,” Mr Savas said.

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