The Mt Martha holiday home of late sports broadcaster Drew Morphett has sold in a deal finalised on Christmas Eve.
The three-bedroom house at 7 Morrisons Ave sold for $1.27 million — close to triple what he paid for it in 2005.
The sale was made in the final days of 2018, with a subject to finance clause resolved in time for Christmas.
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Morphett, a veteran commentator who covered sports from cricket to golf and basketball, as well as six Olympic Games, was described as “besotted” with the home by his wife Kaz in the Herald Sun last year.
In a decades long career Morphett appeared on TV with Channel 7 and the ABC, as well as radio programs including ABC Grandstand, and received an Order of Australia medal in 2014.
He died suddenly in 2017, and his holiday home a block from the beach hit the market in October last year.
One Agency Peninsula’s Steve Walsh said the deal had taken a little while to go through, but not for lack of prospective buyers.
“In the lead up to Christmas we did have other interested parties,” Mr Walsh said.
“It was a conditional sale … and I reckon it went right up to Christmas Eve.”
The buyers were a pair of empty nesters looking to downsize to the sought-after location — a short stroll to the Mt Martha village and less than 100m to Birdrock Beach.
While the market had corrected, Mr Walsh said there were still positive results on the Peninsula.
The Morrisons Ave house had been listed with $1.3-$1.35 million aspirations.
“With the correction in the market it was a good outcome for both parties,” Mr Walsh said.
It also marked a sizeable windfall, having risen from $475,000 when the Morphett’s bought it in 2005 with just a swimming pool and a renovated ensuite to update it in the meantime — a more than 7.5 per cent a year gain across their time at the home.
Mr Walsh said the sale gave him confidence there would be positives in the peninsula’s housing market in 2019.
Buyers from the local area, as well as those in Melbourne’s eastern suburbs and from overseas were all looking at homes in the region, he said.