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 SOME Brighton mansions may be languishing on the market for months – and then end up selling for far less than initial asking prices. But demand for the suburb’s smallest real estate is continuing unabated – even selling for a nifty profit between economic downturns. This week new Brighton agency Nick Johnstone Real Estate sold bathing box 40 on Dendy Beach, for $210,000 before a scheduled auction. The vendor bought the cream coloured wooden box two years ago for $170,000. [...] MELBOURNE Victory senior executive Richard Wilson is understood to have quietly sold one of Hawthorn’s most exclusive homes for about $9 million. The historic Grace Park House in Chrystobel Crescent was one of the first estates established in the suburb, and was the original mansion house, for the land now known as the Grace Park Estate in Hawthorn. As one of the earliest surviving mansions in the Hawthorn area, Grace Park House was included on the Historic Buildings Council Register in 1989. [...] |
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