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It doesn’t have water views or even a pool, but this unusually palatial home in the working-class suburb of Ballajura has hit the market with the hefty price tag of $8 million.
The Lakefarm Retreat home sits on 10 acres and features 2500 square metres of internal floor space, well above the 232 square metre average for new home builds in Western Australia.
This sprawling home in Ballajura is on the market for $8 million. Credit:Domain
The house is spread over three floors with 15 bedrooms, 13 bathrooms, loft accommodation, sitting rooms, outdoor entertainment zones, theatre and games rooms as well as formal and informal spaces.
House Proud Realty agent Peyal Jayatilaka said the property was like a “mini-hotel” and the most expensive house ever listed in the region.
“The house was originally meant to used as a multi-residence for the owners’ family but now that plan has changed,” he said.
“There is nothing like this anywhere in Perth, or likely anywhere in Australia.
The home was originally built as a multi-residence. Credit:Domain
“Where else can you find 10 acres of land for sale within 17 kilometres of one of Australia’s major capital cities?
“And in 10 to 15 years, 10-acre lots close to a capital city will be even rarer.”
Jayatilaka said the buyer would need to bring in tradies to complete much of the home, which remains an unfinished project of incredible proportions.
“Whilst designed and built as a family residence, it is envisaged that the property is ideal for adaptive re-use and expressions of interest are invited that might adapt the home for community uses, educational pursuits, bed and breakfast and other options,” he said.
Other possible uses for the home, according to Jayatilaka, is a corrective institution, equestrian facility or hospital.
Parts of the home remain unfinished. Credit:Domain
Romanian-born owner Ioan Valcan purchased the land 20 years ago for $260,000. The property has been on the market for 75 days and has generated hundreds of inquiries, according to the real estate agent.
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