Historic Rosebud offering Parkmore fails to sell

Historic Rosebud offering Parkmore fails to sell
Staff reporterJuly 21, 2018

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 

 

Tags:
Rosebud

Editor's Picks

Coronation Property Group breaks ground at new Chatswood apartment development
MAYD kicks off construction of ultra-luxury ONE Burleigh apartment development in Burleigh Heads
TOGA installs first tower crane at Macquarie Rise as construction gathers pace
Olympic infrastructure fuels residential boom in Maroochydore City Centre
Australian Federal Election 2025: How Labor and Liberal plan to fix the housing crisis