Prestige Property: 28 Grange Road, Toorak, VIC
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Prestige Property: 28 Grange Road, Toorak, VIC

Step inside an alluring mansion in Melbourne’s Toorak.

By Terry Christodoulou
Fri, Dec 3, 2021 2:28pmGrey Clock 2 min

Introducing ‘The Grange’ — a residence of grace and grandeur bringing the traditions of time-honoured mansions to Melbourne’s most coveted locale.

Here, architect Christopher Doyle has designed an expansive, four-level, 9-bedroom, 9-bathroom, 6-car garage residence across a 1339sqm site.

The opulent residence sees a façade of hand grafted, Mount Gambier limestone, and features unrivalled refinement within the formal and family living and dining domains on the ground floor.

The dining alcove, with its circular design and wire panelling, is a standout feature that immediately makes an opulent statement.

Fireplaces are found in both the formal living and dining and family room alongside the expansive study that adds further allure to the home.

Central to the home’s function is the state-of-the-art kitchen that boasts imported Calacatta marble surfaces and Gaggenau appliances throughout, as well as in the butler’s pantry.

The ground floor gives access to the sublime outdoor entertaining area designed by Jack Merlo via French doors. Here, the space features an elegant terrace entertaining area paired with a wet edge swimming pool, alfresco kitchen and pool house with a bathroom.

In the heart of the home is a circular staircase that allows access to the upper levels which see the accommodation. The home also sees all levels serviced by an internal lift.

The upper two levels of the residence sees nine bedrooms, each replete with flawlessly finished private ensuites. The main suite features its own fireplace, French silk wallpaper, a luxurious ensuite fitted with marble adornments,  a large dressing room and access to an office space

Further, the accommodation is accompanied by a welcoming retreat, music room, office or library and is complemented by grand balcony proportions — some of which offer views of the city skyline.

The lower ground level — also accessible by lift — adds a 12-seat home cinema beneath a star feature ceiling, a gym, a temperature-controlled wine cellar, abundant storage and garaging for six cars.

The palatial residence is nearby to Toorak Road’s many boutique’s, café’s and shopping precincts offering the very best of Melbourne’s most highly sought after suburb.

The residence is listed with Abercromby’s Real Estate’s Jock Langley and Sam Goddard. Price guide $22-$24 million; abercrombys.com.au



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London’s Luxury Property Market Turns a Corner

After more than a year, prices have finally levelled out in prime central London, while outer London saw a small uptick in high-end prices from the previous quarter

By CASEY FARMER
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The first quarter of the year brought some long-awaited signs of recovery in London’s luxury housing market, offering the first positive quarterly price growth since September 2022, according to a report from Savills on Wednesday.

After six consecutive quarterly price falls, luxury home prices in central London levelled out in the first three months of the year, with a 0.1% quarterly uptick in prices. The £3 million to £5 million (US$3.79 million to US$6.32 million) market saw a slightly larger increase of 0.3%.

Outer London’s luxury market saw greater quarterly price growth, with home prices up 0.8%, as some stability returned to mortgage costs and lured more buyers back to the market, according to the report.

All of this is evidence that the market is “in early stages of recovery,” according to Lucian Cook, head of residential research at Savills.

“The outlook for the housing market has certainly improved, partly because the mortgage market has recovered more quickly than expected,” Cook said in the report. “With the first rate cut rapidly coming into view and recessionary risks easing, greater stability has returned to the cost of mortgage debt, which has positively impacted domestic prime markets, where many buyers rely on borrowing, most notably in leafy outer prime South and West London, as well as the commuter belt.”

Outside of London, prices across the U.K. saw no quarterly growth heading into the beginning of the spring market, which is expected to bring higher levels of buyer activity in many regions.

Suburban regions saw prices dip just 0.1%, while urban areas—like Edinburgh and Glasgow in Scotland, and Bath and Oxford in England—saw prices increase by 0.6%.

Cook said regional buyers are more likely to be concerned about market uncertainty than London buyers in the lead up to the general election.

“As a result, buyers are still expected to be less committed until the dust has settled,” he said.

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