The jewel of a Melburnian suburb’s Golden Mile has finally sold after the global pandemic saw it bounce on and off the market for almost a year.
Home to the former president of the Real Estate Institute of Victoria (REIV), Frank Trimboli, the five-bedroom, four-bathroom Templestowe mansion was snapped up for $4.303 million by a bayside couple.
The price is well above the median price guide of $1.399 million for the high-demand suburb, 20km north-east of the CBD. It’s also the first sale of the grand home at 162-164 Serpells Rd since its construction in 1994.
Set on a 1400sqm block of manicured gardens with mature palm trees, the property boasts a wealth of opulent features including marble floor tiles, ceiling roses and cornicing, chandeliers, stained glass windows, a brick open fireplace, and multiple balconies and terraces along with a wine cellar and separate studio.
Woodards Camberwell sales agent Maria Xu says the landmark property attracted 116 inspections, the majority being families and couples. She adds that its spectacular style was influenced by European real estate – particularly Spain and Italy – which the vendors had admired after travelling there.
“They got this idea from lots and lots of properties they’d seen in Europe, then they put it together to create their own style,” she says. “You’d probably see more of these kind of homes in England but rarely in Australia.”
Maria adds she was particularly pleased about the great outcome for the vendor’s sake.
“There was lots of emotion attached to property and it was a long and lengthy campaign,” she says. “The property needs a young couple to light it up and to give it some energy and vibrancy.”
162-164 Serpells Road, Templestowe, Vic 3106
0411 491 089
Woodards – Camberwell