Prestige Property: 42 Avenue Athol, Canterbury, VIC | Kanebridge News
Kanebridge News
Share Button

Prestige Property: 42 Avenue Athol, Canterbury, VIC

Contemporary living on Melbourne’s golden mile.

By Terry Christodoulou
Fri, Jul 2, 2021 2:37pmGrey Clock < 1 min

Ideally positioned in Canterbury’s finest avenues comes this contemporary family residence designed by esteemed architect Rob Mills.

The two-storey, 5-bedroom, 3-bathroom, 2-car garage residence lands on a uniquely shaped 1620sqm plot, complete with a tennis court and swimming pool.

Inside sees a number of light-filled living zones with grand proportions. The open planned kitchen, family and entertaining space all face north and are seamlessly connected to the manicured gardens via floor-to-ceiling glass doors.

It’s here, the kitchen offers a more industrial feel with a stainless-steel splashback, Italian appliances and a marble benchtop with island seating. A butler’s pantry is also here and. cleverly connects to the laundry.

Immediate upon entering the home is a living room with home office capabilities and is replete with a gas fireplace and a verdant outlook.

Upstairs, via the magnificent spiral staircase, the home sees five spacious bedrooms, with the main inclusive of a walk-in dressing room and ensuite – the latter complete with marble tiling. The additional bedroom all offer built-in wardrobes.

Outside the home is beautifully appointed with a 16-metre swimming pool flanking one side of the house, while Paul Bangay landscaped gardens fill the rest of the area. Deeply set on the property is a full-size tennis court replete with floodlighting for a late-night hit out.

Moreover, the home is located on Melbourne’s golden mile – a blue-ribbon row of real estate. Here, Canterbury shines with its leafy green boulevards, opulent residences, proximity to quality schools as well as various parks, Camberwell shopping precinct and more.

The listing is with Michael Armstrong (+61 407 063 263) of Kay&Burton Real Estate. Price guide $8-$8.8 million. Kayandburton.com.au

MOST POPULAR

Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’

Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual

Related Stories
Property
Another rate rise forecast, it’s just a question of how big
By KANEBRIDGE NEWS 06/02/2023
Property
THE SEASIDE APARTMENT THAT THINKS IT’S A HOUSE
By KANEBRIDGE NEWS 03/02/2023
Property
APARTMENT BUILDING APPROVALS ON THE RISE AS SECTOR POWERS INTO 2023
By KANEBRIDGE NEWS 02/02/2023
Another rate rise forecast, it’s just a question of how big

Amid looming rate rises, there are reasons to be cheerful as mortgage holders head into 2023

By KANEBRIDGE NEWS
Mon, Feb 6, 2023 2 min

Mortgage holders should brace themselves for more pain as the Reserve Bank of Australia board prepares to meet tomorrow for the first time this year.

Most economists and the major banks are predicting a rise of 25 basis points will be announced, although the Commonwealth Bank suggests that the RBA may take the unusual step of a 40 basis point rise to bring the interest rate up to a more conventional 3.5 percent. This would allow the RBA to step back from further rate rises for the next few months as it assesses the impact of tightening monetary policy on the economy.

The decision by the RBA board to make consecutive rate rises since April last year is an attempt to wrestle inflation down to a more manageable 3 or 4 percent. The Australian Bureau of Statistics reports that the inflation rate rose to 7.8 percent over the December quarter, the highest it has been since 1990, reflected in higher prices for food, fuel and construction.

Higher interest rates have coincided with falling home values, which Ray White chief economist Nerida Conisbee says are down 6.1 percent in capital cities since peaking in March 2022. The pain has been greatest in Sydney, where prices have dropped 10.8 percent since February last year. Melbourne and Canberra recorded similar, albeit smaller falls, while capitals like Adelaide, which saw property prices fall 1.8 percent, are less affected.

Although prices may continue to decline, Ms Conisbee (below) said there are signs the pace is slowing and that inflation has peaked.

“December inflation came in at 7.8 per cent with construction, travel and electricity costs being the biggest drivers. It is likely that we are now at peak,” Ms Conisbee said. 

“Many of the drivers of high prices are starting to be resolved. Shipping costs are now down almost 90 per cent from their October 2021 peak (as measured by the Baltic Dry Index), while crude oil prices have almost halved from March 2022. China is back open and international migration has started up again. 

“Even construction costs look like they are close to plateau. Importantly, US inflation has pulled back from its peak of 9.1 per cent in June to 6.5 per cent in December, with many of the drivers of inflation in this country similar to Australia.”

MOST POPULAR
Pamela Anderson House

Inspired by some of California’s best known Modernist architecture.

Self-tracking has moved beyond professional athletes and data geeks.

0
    Your Cart
    Your cart is emptyReturn to Shop