The former country estate of the Fitzroy Football Club founder has sold for close to its $1.8 million asking price.
The heritage-listed property at 15 Huxtable Rd, Pakenham Upper, about 65km south east of Melbourne’s CBD, was built by John McMahon.
In addition to creating the Fitzroy Lions, which have since merged with the Brisbane Bears, McMahon was mayor of the inner-city suburb of Fitzroy.
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The sprawling 4ha estate named The Grange sold on January 25 to a family from Berwick, after passing in at auction in October.
First National Neilson Partners Berwick manager Peter Watson said the new owners planned to establish the property as a multi-generational home and take full advantage of its lifestyle opportunities, including the stables.
It includes a separate cottage as well as a main residence.
“It was the beauty of the property (that attracted the buyers), and walking up the driveway under 130-year-old oaks and elms,” Mr Watson said.
The property went to auction with a $1.8-$1.9 million price guide last year and passed in.
A $1.6 million offer was then made and refused about 20 minutes later.
With the end result at about the $1.8 million mark, there were signs vendors with lifestyle properties could be more confident in 2019, Mr Watson said.
“I have found a bit more movement in the market at the beginning of this year, compared to last year,” he said.
“There are certainly properties that are tougher to sell at the moment, but the lifestyle market seems to be holding strong.”