Toorak mansion ‘Halstead’ sells after 10 months on the market and a massive price slash

’Halstead’ at 12 Lansell Rd, Toorak has sold.

A palatial mansion on one of Melbourne’s most-expensive streets has finally sold for within its $22m-$24m price range according to industry sources — 10 months since it was listed for sale.

The five-bedroom home known as ‘Halstead’ at 12 Lansell Rd, Toorak was first listed with a$27m-$29.7m price guide in February before it was slashed by more than $5m later in the year.

Public records indicate mystery millionaire Jiandong Wang purchased the home in 2014 for $12.5m.

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While he declined to comment on the sale, Kay & Burton executive director Gowan Stubbings told The Herald Sun earlier that it had been a great home for a couple of “prominent families” over the years.

“It has such a strong entry when you walk up the driveway to Halstead and you can really feel the sense of a bygone era of such a grand home,” he said.

“With a beautiful entry, big rooms, big ceiling heights, it’s just such a well-balanced home.”

One of many living areas.

RT Edgar director Jeremy Fox also told The Herald Sun earlier that he sold the abode in the ‘90s to Michael Heine, billionaire and founder of ASX-listed funds management and fintech firm Netwealth.

“I sold it a couple of times; I always thought it was a fantastic property on a huge piece of land,” he said.

Halstead is set on an expansive 3286sq m block and was designed in the Arts and Craft-style by prominent Melbourne architect Walter Butler in 1916 for Francis Clements, chairman of the Victorian State Electricity Commission at the time.

Bask in the sun among the columns.

Wood panelling is a common feature throughout the home.

Wood panelling is consistent throughout the abode as well as French doors, statement chandeliers, Tasmanian oak flooring, fireplaces and leadlight windows.

Other features include a large cellar, four car garage, pool, poolside shower, outdoor kitchen and theatre.

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sarah.petty@news.com.au

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