Historic Rosebud offering Parkmore fails to sell

Historic Rosebud offering Parkmore fails to sell
Staff reporterDecember 7, 2020

Parkmore, a historic 1891 Victorian mansion in Rosebud, the seaside town on the Mornington Peninsula, failed to sell at weekend auction.

McEwing & Partners Mornington agent Quentin McEwing saw two bidders compete for the property before it was passed in at $3.175 million

The heritage listed manor had an initial guide of $2.7 million to $3 million which was amended to a price guidance of $3.2 million to $3.5 million..

It was listed last year with $3 million to $3.3 million price guidance.

It now comes with a price guidance of $3.2 million to $3.5 million.

It last sold at $2,825,000 in 2016 when bought by the property developer Robert Kampf.

Directly opposite a long sandy stretch of beach, the 741-743 Point Nepean Road house comes with three living/dining rooms, a modern kitchen, wine cellar/cantina, six bedrooms, and an array of verandas and patios.

Other features include heated swimming pool & spa, fireplaces, sash windows and ducted heating & cooling. 

It is within short walking distance to the McCrae Plaza, the yacht club, restaurants and cafes.

It is listed by Quentin McEwing and Marcus Gollings from McEwing & Partners Real Estate.

The suburb's median house price sits around $560,000, according to CoreLogic. 

Rosebud was raked in late 2017 as the cheapest place to buy on the Mornington Peninsula. 

 Median houseAnnual growth5 year growth
Dromana$685,00018%84%
Blairgowrie$856,00015%84%
Tootgarook$553,50016%86%
Sorrento$1.3m30%92%
Safety Beach$720,50016%81%
Rye$643,50018%87%
Rosebud$526,00017%83%
Portsea$1.86m0%82%
Mount Martha$935,75019%91%
Mount Eliza$1.1m22%91%
Mornington$805,00017%91%
 
Source: Domain Group House Price Report, December quarter 2017 

 

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