Lambert House, Sunbury trophy home listing with subdivision potential

Lambert House, Sunbury trophy home listing with subdivision potential
Jonathan ChancellorOct 21, 2013

Villawood Properties executive director Tony Johnson has listed his six hectare estate two kilometres outside Sunbury with $2.5 million plus hopes.

The six bedroom Lambert House has been listed with Biggin & Scott land agents Andrew Egan and Frank Nagle who suggest the 140 Vineyard Road property would be possibly suitable for a 50-lot residential subdivision.

Development is increasing around the township set about 40 kilometres north-west of Melbourne. There are Melbourne CBD skyline and Dandenong views from the house.

The median house price is $350,000 and the long-term growth trend has been 33% over the past five year, according to RP Data.

Offers are due by November 20.

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Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.