Prestige Property: 24-28 George Street, East Melbourne, VIC
independent title
in commercial partnership with
Global insights from
    HOUSE MEDIAN ASKING PRICES AND WEEKLY CHANGE     Sydney $1,430,736 (-0.35%)             Melbourne $906,744 (-1.28%)             Brisbane $626,945 (-1.31%)             Adelaide $576,484 (-1.90%)               Perth $573,264 (+0.68%)             Hobart $667,625 (+0.32%)           Darwin $633,559 (-1.47%)               Canberra $869,505 (+1.93%)           National $879,315 (-0.27%)                      UNIT MEDIAN ASKING PRICES AND WEEKLY CHANGE     Sydney $569,148 (-1.05%)               Melbourne $450,915 (+0.15%)             Brisbane $364,991 (+0.46%)             Adelaide $299,227 (+0.06%)           Perth $339,330 (-0.36%)             Hobart $481,504 (-6.77%)               Darwin $380,220 (+0.68%)             Canberra $419,946 (+1.52%)           National $428,987 (-1.42%)                      HOUSES FOR SALE AND WEEKLY CHANGE       Sydney 6,290 (+697)             Melbourne 10,034 (+1,675)           Brisbane 8,564 (-165)             Adelaide 2,786 (-33)             Perth 9,764 (-120)             Hobart 354 (-8)             Darwin 228 (-16)               Canberra 368 (+46)             National 38,388 (+2,076)                    UNITS FOR SALE AND WEEKLY CHANGE       Sydney 6,605 (+82)             Melbourne 6,374 (+217)           Brisbane 2,923 (-13)             Adelaide 861 (-8)             Perth 2,423 (-18)             Hobart 64 (-2)               Darwin 352 (+5)             Canberra 406 (+25)             National 20,008 (+288)                    HOUSE MEDIAN ASKING RENTS AND WEEKLY CHANGE       Sydney $550 ($0)             Melbourne $440 (+$5)             Brisbane $455 (-$5)             Adelaide $450 ($0)             Perth $450 ($0)           Hobart $495 (-$5)               Darwin $640 (+$10)             Canberra $640 ($0)             National $527 (+$1)                    UNIT MEDIAN ASKING RENTS AND WEEKLY CHANGE       Sydney $475 ($0)           Melbourne $370 (-$5)             Brisbane $440 (-$55)               Adelaide $370 (+$5)             Perth $410 ($0)             Hobart $450 (+$25)             Darwin $500 (+$30)             Canberra $540 ($0)           National $452 (-$1)                      HOUSES FOR RENT AND WEEKLY CHANGE     Sydney 5,996 (-35)               Melbourne 9,639 (+280)             Brisbane 3,873 (+90)             Adelaide 1,037 (+438)           Perth 1,838 (-1)             Hobart 184 (-11)               Darwin 98 (0)             Canberra 262 (+21)             National 22,927 (+782)                    UNITS FOR RENT AND WEEKLY CHANGE       Sydney 16,976 (+55)             Melbourne 16,933 (+1,528)             Brisbane 3,293 (+1,099)           Adelaide 621 (-22)             Perth 1,04 (-50)             Hobart 82 (-7)               Darwin 180 (+24)           Canberra 351 (-3)               National 39,477 (+2,624)                    HOUSE ANNUAL GROSS YIELDS AND TREND           Sydney 2.00% (↓)             Melbourne 2.52% (↓)           Brisbane 3.77% (↑)              Adelaide 4.06% (↓)             Perth 4.08% (↓)             Hobart 3.86% (↓)             Darwin 5.25% (↓)             Canberra 3.83% (↓)             National 3.12% (↓)                UNIT ANNUAL GROSS YIELDS AND TREND         Sydney 4.34% (↑)              Melbourne 4.27% (↓)           Brisbane 6.27% (↑)              Adelaide 6.43% (↓)             Perth 6.28% (↓)           Hobart 4.86% (↑)              Darwin 6.84% (↓)           Canberra 6.69% (↑)            National 5.47% (↑)                 HOUSE RENTAL VACANCY RATES AND TREND           Sydney 1.7% (↓)             Melbourne 2.4% (↓)           Brisbane 1.0% (↑)            Adelaide 0.7% (↑)            Perth 1.0% (↑)              Hobart 0.9% (↓)           Darwin 0.9% (↑)            Canberra 0.7% (↑)              National 1.5% (↓)                UNIT RENTAL VACANCY RATES AND TREND           Sydney 3.7% (↓)             Melbourne 4.9% (↓)           Brisbane 2.0% (↑)            Adelaide 1.3% (↑)              Perth 1.4% (↓)           Hobart 1.7% (↑)              Darwin 1.0% (↓)           Canberra 1.5% (↑)              National 3.4% (↓)                AVERAGE DAYS TO SELL HOUSES AND TREND           Sydney 25.2 (↓)           Melbourne 34.7 (↑)              Brisbane 34.6 (↓)             Adelaide 26.8 (↓)             Perth 42.7 (↓)             Hobart 21.3 (↓)           Darwin 36.8 (↑)              Canberra 23.1 (↓)             National 30.6 (↓)                AVERAGE DAYS TO SELL UNITS AND TREND           Sydney 24.9 (↓)           Melbourne 39.8 (↑)              Brisbane 39.7 (↓)             Adelaide 30.9 (↓)             Perth 42.9 (↓)             Hobart 22.2 (↓)           Darwin 44.7 (↑)            Canberra 36.3 (↑)              National 35.2 (↓)               
Prestige Property: 24-28 George Street, East Melbourne, VIC

Historic charm meets modern opulence.

By Terry Christodoulou
Fri, Mar 19, 2021 2 min

Offered as a residence for the first time in over 100 years is this luxuriously transformed post office in East Melbourne.

Set across an impressive 723sqm plot, the 4-bedroom, 3-bathroom, 2-car garage home presents 687sqm of contemporary living space – designed by Charles Salter – within its historic façade.

Retaining the post office’s 1920’s charm, the interiors blend old with new through soaring ceiling heights and tall windows meeting rich hardwood floors – now with hydronic heating.

The ground floor homes the formal dining, living and library – all leaning into the buildings historic charm – while the open plan living, dining and kitchen play a more contemporary role in the home.

Here, we are met with a large commercial-grade kitchen fitted with Viking industrial appliances and a handcrafted timber island.  A fully appointed butler’s pantry and dumbwaiter round out the offering.

Flowing from the living and dining space is access to the vine-clad terrace, complete with a built-in barbecue area. An adjoining entertainment room makes clever use of the post office’s old bones.

The first floor is home to the parents’ retreat which includes a set of elongated ‘his’ and ‘hers’ walk-in robes and ensuite, which is fitted with limestone finishes and an opulent skylight. An impressive feature, the master suite’s northern wall of glazing retracts to bring the verdant gardens inside.

The basement sees three of the bedrooms, a bar, billiard room and 1200 bottle wine-cellar while a studio and conservatory (which sits atop a 10-metre pool in situ) is found at the back end of the property.

CCTV security, automatic irrigation, remote gates to basement garage are also here.

Arriving in a prized location, the residence is moments from the MCG, Fitzroy Gardens and the very best of Melbourne’s inner-city dining.

The listing is with RT Edgar’s Sarah Case (+61 439 431 020) and Warwick Anderson (+61 418 320 873). Price guide: $10 million; rtedgar.com

 

MOST POPULAR

Predicted increases in value signals strength in local property market.

The largest single-dwelling sales of the calendar year.

advertisement
Related Stories
Lifestyle
By Nicole Ngyuen 14/09/2021
Lifestyle
By CATHERINE ROMANO 13/09/2021
Lifestyle
By Suman Bhattacharyya 10/09/2021
advertisement