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190 Williams Rd, Toorak, is listed for sale decades after music producer Warren Costello bought it.
The Toorak home shared by the late prominent Aussie music executive Warren Costello and his wife, Leith, has been listed for sale with a $3.25m-$3.5m price tag.
Costello joined Australia’s largest independent music and entertainment company Mushroom Group from 1990 to 1999, and rejoined in 2000 when he founded Liberation Music with the late founder of Mushroom Group, Michael Gudinski.
Liberation Music, which merged into Mushroom Music last year, has signed big Aussie names like The Temper Trap, Vance Joy, Dan Sultan and Emma Louise.
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In 2017, after working as managing director for the company’s labels, Costello stepped down due to a longstanding illness, a Mushroom Group statement said.
He was also close to music legend Jimmy Barnes, who dedicated his 2022 album ‘Soul Deep 30’ to the late producer who passed away the same year.
Leith Costello, Jimmy Barnes and Warren Costello. Picture: Facebook/Jimmy Barnes.
The home’s expansive backyard could host a small gig.
Now, the home they owned together for nearly 24 years before his passing is listed for sale.
Property records show the pair purchased the four-bedroom house at 190 Williams Rd in September 1995 for $435,000.
With an asking price topping out at $3.5m, the home is positively affordable by Toorak standards and likely to sell more than $1m below the suburb’s $4.728m median house price, according to latest PropTrack data.
But while Kay & Burton senior consultant James Paull declined to comment on who the owners of the abode were, he said it was a very prestigious home from the 1880s with an enormous amount of historic character.
“In this demographic, people really respect the architecture of yesteryear,” Mr Paull said.
“The majority of calls that we’ve had have been primarily from people that really want a double-fronted property like this one.”
A roaring fireplace in the open-plan dining and living area.
Plenty of natural light pours through the homes many windows.
The single-storey residence sits on a northwest facing block which spans about 559sq m.
Consistent features throughout the abode are its arched central hall, high ceilings, marble mantelpieces, oak floorboards and stone finishes.
The kitchen is fitted with large stone benchtops, a 900mm Ilve stove, integrated fridge and freezer, a butler’s pantry and plenty of storage.
There’s also a French cast iron fireplace in the open plan family, dining and kitchen area.
Expressions of interest close at 5pm on Tuesday, March 25.
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sarah.petty@news.com.au
