16 Yamala Drive, Frankston South, aiming for new suburb sale price


A rare opportunity to live like a lord in Frankston South is up for grabs with a near 150-year-old mansion with a rich history hitting the market.

The cliffside mansion with 19th century origins at 16 Yamala Drive has been home to some of Melbourne’s elite since it was established in 1876.

Built for former Victorian Chief Justice Sir John Madden and now being sold by Lord of the Manor of Loxton Robin Grainger, the towering English-style property on 5600sq m features a total of 17 rooms with landscaped gardens, a pool and bay views.

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The six-bedroom house with direct beach access is steeped in history and grandeur and has price hopes of $5.3-$5.83 million which would set a new suburb record.

The first house on the Yamala Drive site was a small stone cottage built in 1855 by an English migrant, William Wooley, and was part of a much larger estate.

The existing 1876 house retains most of its original architecture and finishes, including Tasmanian oak floors, and has been renovated and updated over the decades.

The lavishly designed estate has hosted glamorous garden parties with distinguished guests including parliamentarians and royalty.

It features a sweeping staircase, large bedrooms, kitchen with granite benchtops, self-contained quarters and a bar built to replicate the one in London’s Savoy Hotel.

Other highlights include solid stone walls, oak panelling, chandeliers, fireplaces, a drawing room, entrance pillars and a circular drive with a water feature.

Outside are lush lawns, manicured gardens and a renovated saltwater pool and spa, and a pool house.

“It has had only five owners in 143 years since it was built for former Victorian Chief Justice Sir John Madden in 1876,” current owner Robin Grainger said.

The UK-born Mr Grainger, who inherited the title of Lord of the Manor of Loxton via his mother, bought the property six years ago. His title was a feudal title that goes with ownership of a plot of land in Somerset in the UK, he said.

Another past owner, AJJ Lucas, a restaurateur, philanthropist and former Greek Consul General to Australia, enlisted American architect Walter Burley Griffin to redesign the house and gardens in the 1920s

The initials of previous owners are inscribed on a stained-glass window on the ground floor.

Listing agent Jayme Wallison of Harcourts Limitless Mt Eliza expects the property to sell quickly.

Three potential buyers have been lined up. One is an overseas buyer with plans to turn it into a boutique holiday accommodation. Another is a local who previously missed out on the property.

Sales records show the property changed hands for $2.9 million in 2012. In December, nearby 23 Gulls Way on 2433sq m sold for a suburb record price of $4.6 million.

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Source link Finance News Australia

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