An updated Unley Park villa at 3 Victoria Ave is poised to set a new residential price record in South Australia, having been offered to the market for the first time in 22 years. The sandstone estate, with a price guide of $12m to $13m, is expected to fetch above the asking price due to its prime location on one of SA’s most coveted streets.
The current owners, Margo and Sam, purchased the landmark property in 2002 with the vision of modernizing the character home and creating a space to raise their family. The 3836sq m allotment provided ample room for them to undertake a substantial renovation, both inside the house and in the garden.
The renovation was a labor of love, with the couple meticulously updating the home to offer up to five bedrooms, formal and casual living areas, a home office, cellar, butler’s pantry, and a separate studio. The garden was also revitalized, with a new swimming pool and tennis court replacing the old ones. The result is a harmonious blend of historic charm and modern amenities.
The 1900-built home boasts 817sq m of indoor and outdoor living space, making it an ideal entertainer. The designer kitchen features granite countertops, custom cabinetry, and Gaggenau appliances, overlooking the sun-drenched living areas. The formal living rooms exude elegance, while the casual living zones are filled with natural light.
For Margo and Sam, the home has been a place of joy and cherished memories. They have celebrated countless birthdays and milestones in the house and garden, watching their children grow up surrounded by the beauty of the property. Now, with the house larger than they require, the couple is ready to pass on the custodianship to another family.
The property is currently listed with Jamie Brown of Booth Real Estate Adelaide, with expressions of interest closing on September 5 at noon. The sale of the Unley Park villa has the potential to surpass the current state record set by 70 Pennington Tce, North Adelaide, in 2021 for $13.5m. As the property awaits its new owners, Margo and Sam reflect on their time in the home with pride and gratitude, knowing that they have preserved its natural beauty and grace for the next generation of custodians.