A dated Templestowe mansion is set to make the early running as the suburb’s largest recorded residential sale since 2018.
The towering five-bedroom house at 162-164 Serpells Rd is on the market for the auspicious price of $5.388-$5.888 million.
The most recent Templestowe sale at around that mark was the $5.7 million paid for 6 Glendinning Rise in June 2018, according to CoreLogic.
That pales in comparison with the suburb’s largest recorded residential sale, the $6.9 million windfall for 327-329 Church Rd in January 2008.
Woodards Camberwell agent Maria Xu said the Serpells Rd mansion made for “very grand living”.
“Oh my goodness, it’s like going back in a time capsule,” Ms Xu said.
“Inside is very beautiful, with a French palace feeling.”
Floor-to-ceiling windows, internal concrete pillars, marble tiles and a stately staircase built on site are some of the showstopping traits of the one-owner house, built in 1995.
Ms Xu said large European and Chinese background families would vie to secure the keys to the Serpells Rd property.
“We have a good buyer pool at the moment, I’m optimistic for the first half of the year,” she said.
“The structure, everything is good – it just needs a bit of an update in the bathroom to (the buyer’s) taste … modernise it a little bit and it’ll be a grand building.”
The property last sold for $600,000 in 1993, according to data from realestate.com.au.