The 19th century Victorian home perfectly suited to post pandemic living
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The 19th century Victorian home perfectly suited to post pandemic living

Careful restoration and extension of this historic Geelong home combines the best of traditional and contemporary living

By Robyn Willis
Fri, Oct 7, 2022 7:00amGrey Clock < 1 min

Hot on the heels of their AFL grand final win, there’s more than one reason to look at Geelong as the next property hot spot, with the release of this historic property onto the market.

Originally constructed for Geelong businessman Robert Scott in 1891, ‘Tooroonga’ opposite Pevensey Park is an impressive three-storey home set on 1,136sqm of beautiful gardens. It has six bedrooms and six bathrooms, as well as three car spaces and has been carefully restored to retain its historic charm while still allowing for contemporary convenience.

Original features in the Federation Queen Ann home include stained glass windows and doors, mahogany staircase, fireplaces, traditional architraves and gabled verandas. A charming octagonal tower leads onto the veranda and balcony on the ground and first floor respectively, with a crow’s nest bedroom on the top floor.

The property has been extended to include an open plan kitchen with marble benchtops and top line appliances leading onto an alfresco dining space and outdoor kitchen. In spite of its age, the house is perfectly suited to modern living, with multiple living spaces for communal or semi private use, as well as room for a spacious study or two. There’s even a lift to the main bedroom suite on the first floor.

A pool and self-contained cottage ideal for visiting family and friends rounds out the features of this beautiful home.

 

Address: “Tooronga” 17 Pevensey Crescent, Geelong

For Sale: by Expressions of Interest by November 4

Price Guide: $5.9 million – $6.49 million

Last traded: for $1.9 million in 2007

Agent: McGrath Geelong – David Cortous, 0416 164 336



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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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