Could This Home Represent The New Face Of Mitcham?

Matthew Scafidi
February 7, 2019

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DIRECTOR, AUCTIONEER, LICENSED ESTATE AGENT

Mitcham is a growth area with great lifestyle appeal and families of all ages and stages are drawn to its services and amenities.

And like a lot of Melbourne, Mitcham’s property market has been changing too.

Changes in the Mitcham property market

Mitcham’s housing stock includes some older heritage homes but it’s mainly known for its comfortable post-war or mid-century houses. These have always been popular for large-scale home renovations to update properties for modern living. However, in recent years there’s been a trend for smaller homes from the 1950 and 1960s to be knocked down and rebuilt.

As more people look to create the perfect family home, Mitcham has experienced some amazing long-term growth in property prices, even if that has now flattened in line with the rest of the property market.

The median sales price for houses sits at $1,016,000 as of 2 January 2019, according to realestate.com.au. To put this in perspective, the median house price in Mitcham was just $585,500 in 2012, almost half of what it is today.

A case in point: 65 Alywn Street, Mitcham

One home that epitomises the changes we’ve been seeing in Mitcham is 65 Alywn Street – a truly stunning property currently on the market.

Alwyn Street is well-located, much sought after and lined with established paperbark trees. There have been a number of new homes built on this street in recent years and it’s little wonder given it sits in the highly sought after Vermont Secondary zone.

In February 2012, number 65 – then a 1950s 3 bedroom weatherboard cottage on 690 square metres – sold for $575,000.

And two years ago 65 Alwyn Street was completely rebuilt to be a grand five bedroom property. This is no ordinary family home. It’s a large, quality built property that lifts the bar and sets a new standard in luxury homes for the area.

It sets a new standard for Mitcham and we forecast that it will also break some property records.

A high spec property

Each of 65 Alwyn Street’s five bedrooms has a full hotel-style ensuite, the floors are French Oak, it has multiple living areas including a media room and separate study, established landscaped gardens and a gourmet kitchen with butler’s pantry.

The list of inclusions alone is impressive: bespoke cabinetry, Miele appliances, ducted heating, evaporative cooling, video intercom and double garage.

But it is the attention to detail and design that really sets this home apart.

For example, the landscaping around the Georgian-inspired home is also only two years old, but it is so well-planned and well-established that it gives the appearance of having been there for more than a decade.

Put simply, 65 Alwyn Street could be the best home that’s ever been presented for sale in Mitcham. It sets a new standard of luxury and we believe it could increasingly represent the new face of Mitcham.

If you’re interested in buying or selling in Mitcham contact our team today.

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