No downside as Hawthorn home on a slope sells for $3.75m

No downside as Hawthorn home on a slope sells for $3.75m
Jonathan ChancellorNovember 28, 2016

A $3.75 million sale of a Victorian home in need of renovation was secured earlier this month at 22 Chrystobel Crescent, Hawthorn.

The 1888 house, on a substantial 830 square metre block, fecthed around $450,000 over reserve.

The Marshall White auction attracted interest from five bidders.

One buyers agent advised the property, located in the coveted Grace Park Estate, got the big price despite having the downsides of being south-facing and being on a slope.

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

Editor's Picks

First look exclusive: Polycell files Sandpiper redevelopment plans after owner buyout
Inside Melbourne's new nature-based neighbourhoods
First look: Stockwell files for new Vulture Street, West End apartment tower
From Broadbeach to Main Beach: Why local downsizers are making the move to Drew Group’s Lagoon Main Beach
SMA Projects makes downsizing easier at The Regent Fitzroy with ‘Settle When You've Sold’ initiative