Travancore house price record smashed by concrete mansion

74-76 Mooltan Street has set a new price record for Travancore.

A concrete mansion oozing wow factor has more than doubled the Travancore residential price record — knocking ex-Labor leader Bill Shorten’s home off the perch.

Details surrounding the sale of 74-76 Mooltan Street are scarce, with McDonald Upton agent Joe Zucco confirming the transaction amounted to a suburb benchmark, but keeping the price and buyer’s identity to himself.

He did say: “The home was certainly one out of the box. It sold during COVID-19, that didn’t stop it — the buyer had been looking at it for quite a while.”

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The park-side home is flanked by greenery.

Expanses of marble add to the luxe interior.

The six-bedroom pad bordering Travancore Park initially hit the market in February, with a $8.5-$9.35m price guide.

That range was ultimately lowered to $6.5-$7.2m. But it still remained well in excess of the $3m suburb-record price Federal Member for Maribyrnong Shorten and his wife, Chloe, splashed on a five-bedroom house last October.

When the house was first listed, Mr Zucco said the small northwestern postcode was “not renowned for these types of homes”.

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The prestige property sold in the midst of COVID-19.

The house offered six bedrooms.

He added the vendor, a developer, engaged Collingwood-based CHT Architects and commercial construction company Hamilton Marino for the “very expensive” build, which took two and a half years to complete.

This was partially because the builders used the “complex and time consuming” in-situ concrete method, which involved pouring concrete on site rather than precasting it.

The house offered about 930sq m of internal space across three levels, each of which featured huge living areas.

They were a basement bar and rumpus room, a home cinema one floor up, and an open-plan living, dining and kitchen zone plus a retreat on the top level.

There’s a living area on every floor of the mansion.

The gym is a standout feature.

The prestigious package also included a hi-tech gym, a luxe main bedroom with park views, European slab marble floors, handcrafted chandeliers and automated French silk blinds.

Jack Merlo-designed grounds featuring an infinity pool, spa and outdoor kitchen completed the 830sq m block.

Mr Zucco previously predicted the property would be popular with buyers downsizing from larger blocks of land, plus doctors and surgeons wanting to be near the Parkville hospital precinct.

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The house is understated from the street.

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