Mount Macedon’s King’s Garden listed: Live near top of mountain

Author:ahsan

54 Green Avenue, Mount Macedon (high res) - for herald sun realestate

54 Green Avenue, Mount Macedon is also known as King’s Garden.

A Mount Macedon property carved off from an estate that became the Victorian Governor General’s summer home is offering a royal welcome for its next owner.

The 54 Green Avenue property, known as King’s Garden and featuring 400-year-old trees, is also a stone’s throw from property once owned by Prime Minister Sir Robert Menzies.

And while it won’t cost you a king’s ransom, with the more than 4ha estate listed at $530,000-$585,000, there is a catch: you’ll be waiting about 18 months to live there.

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Despite architectural estimates it would take about 18 months to have a home approved and built at the property, buyers stuck in Melbourne’s stage four lockdown are among those expected to give it a vote of confidence at a September 27 auction.

The land is believed to have been carved off newspaper proprietor David Syme’s Rosenheim estate by Essendon man Patrick O’Meara in 1879.

The property is currently used recreationally, but a home could replace one that stood their in the past.

Rosenheim went on to become the Victorian Governor General’s summer residence, known as Government Cottage, from 1886 to 1934. And documentation dated to 1885 shows a rental agreement between Mr O’Meara and the Governor in Council at one pound a year.

The current owners bought the property in 2016 and used it for recreation as well as staging a wedding, but have not replaced the house that once stood on the property.

RT Edgar Macedon Ranges’ Josie Borg said an architect had estimated it would take about 18 months to two years to obtain a planning permit, but said that hadn’t deterred interest from prospective buyers in Melbourne.

A stage four lockdown across the city means only locals have been able to inspect, but the 400-year-old trees and lush tranquillity of the property was obvious even online, Ms Borg said.

The allotment is near the top of Mount Macedon.

“It has had quite a lot of interest,” she said.

“I think it’s the price point and the romance of the property. And you are not going to be in a tiny little apartment or a miner’s cottage.

“Mount Macedon and the whole area up here has been inundated with a lot of interest.”

Latest realestate.com.au figures show the local median house price is $1.2m, but prices as high as $5-$10m are also paid for some of the area’s more elite homes — and vacant land was very rare, she added.