Victorian Park frontage in Windsor is coming to the market after a high-end renovation. Image: WHITEFOX
A Victorian park front, rebuilt to Toorak standards, has hit the market in Windsor, and the postcode difference could be worth millions.
The four-bedroom home at 17 Hornby St is being offered via expressions of interest after a complete renovation that delivered the kind of finishes more commonly seen in Melbourne’s most expensive suburbs.
The home is looking at price expectations of $3.6 million – $3.9 million.
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Whitefox Stonnington associate director Jesse Jones said the same house would likely fetch a much higher price if it were just a short distance away in Toorak.
“If you were to put this exact house two minutes away in Toorak you would expect a price tag of $6.5 million,” Mr Jones said.
“Here it is actually half, simply because of the zip code.”
The sale is shaping up as a stark test of how far buyers are willing to stretch for top quality in a suburb that has long been in the shadows of its more expensive neighbors.
Victorian Park frontage in Windsor is coming to the market after a high-end renovation. Photo: White fox
Classic Windsor Victorian facade with wooden fencing, iron lacework and double frontage. Photo: White fox
Although Windsor is best known for its restaurants, nightlife and creative energy, Mr Jones said many buyers continued to underestimate its value, despite its Stonnington address, transport access and proximity to Albert Park, South Yarra and the Bay.
“Windsor has always been a sleeper,” he said.
“You get the lifestyle, the walkability and the accessibility, but without paying the full blue-chip premium associated with a postcode like Toorak.”
Located directly opposite the park and just off Chapel St, the crica 1880 Victorian combines tranquil, green views with direct access to one of Melbourne’s busiest lifestyle strips.
Windsor front lounge with period details and fireplace. Photo: White fox
Windsor’s open plan living flows into a private backyard built for entertaining. Photo: White fox
From the street the house has a double facade, white picket fence and iron lacework, whilst inside it retains important period features including high ceilings and original features.
Those original bones have been combined with an extensive rebuild designed by Odyssey Architecture, built by The Builders Project and finished with interiors by Jessica Coulter.
The accommodation comprises four bedrooms in a flexible layout on one level, including a large front master suite with green views, walk-in robe and en suite bathroom.
Designer interiors take the original character of the Victorian style to a sleek, modern twist. Photo: White fox
The Windsor house has never been lived in and looks brand new. Photo: White fox
Additional bedrooms are supported by a central bathroom, while a front lounge provides the flexibility to act as a fourth bedroom or secondary living space.
The rear of the house opens into a bright living and dining area, anchored by a high-end kitchen and bar, which flows into a private backyard designed for indoor/outdoor entertaining.
Mr Jones said one of the strongest selling points for buyers is the lack of compromise, especially in a suburb where on-site parking and privacy are difficult to guarantee.
Master bedroom in Windsor with green views, walk-in robe and ensuite bathroom. Photo: White fox
Central bathroom in Windsor with a bath and high-quality finishes. Photo: White fox
“In Windsor and Prahran you often see houses without parking, or renovations where buyers still have to give up something,” he says.
“At this level of finish, with secure parking on the street and at the front of the park, this is extremely rare.”
Whitefox Stonnington deputy director said the home also appealed to buyers wary of renovation risks, with the property delivered as brand new.
“The house has never been lived in,” Jones said.
“There’s no renovation fatigue, no builder issues to work through. Someone can move in right away and enjoy it.”
The Miele kitchen anchors the Windsor renovation with high-end appliances and stone finishes. Photo: White fox
A Toorak-level finish in Windsor, combining Victorian details with contemporary luxury. Photo: White fox
While Windsor has traditionally attracted younger buyers and renters, Mr Jones said the suburb was becoming increasingly attractive to both large and small people looking for space, quality and walkability without moving further afield.
“There’s a big hole in the middle of the market,” he said.
“You see homes around $2 million, then others at $5 million or $6 million, but not much in between. This property is right in that underserved space.”
Mr Jones said buyers responded strongly to the contrast between the house’s quiet location on the park and its proximity to Chapel Street.
Jesse Jones, deputy director of Whitefox Stonnington, says the postcode gap in Windsor could be worth millions. Photo: White fox
“You can cross the road to the park, sit there on a warm evening and then come home in complete privacy,” he said.
“That balance is very difficult to find.”
According to data from PropTrack, the average sales price of a home in Windsor is $1.355 million, compared to $5.15 million in Toorak.
Submission of expressions of interest closes at 12 noon on Wednesday 4 February.
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