Actress Cate Blanchett Sells Prahran Investment Property for $3m

Award-winning actor Cate Blanchett has made headlines once again, this time for selling her investment property in Prahran. The Hollywood star, known for her roles in “The Lord of the Rings” and “Thor: Ragnarok,” along with her husband, director and writer Andrew Upton, scored a impressive result for the property that exceeded their initial expectations.

The couple purchased the property in 2006 for $745,000 and recently listed it for sale with hopes of $2.25m-$2.45m. However, the property ended up selling for over $3 million, showcasing the strong demand for quality real estate in the area.

The double-storey abode, renovated by Alwill Architecture, features three bedrooms, two bathrooms, and an outdoor deck. The property also boasts an upstairs study nook and a funky loft, adding to its charm and appeal. With a gate providing access to Victoria Gardens and a front veranda off the main bedroom, the property offers a comfortable and convenient lifestyle.

The listing agent, Kay & Burton’s Rae Mano, expressed delight at the overwhelming level of interest in the property, noting that the successful sale left all parties involved pleased. Blanchett, a two-time Academy Award winner and recipient of multiple other accolades, continues to make smart investments in the real estate market.

As listing volumes in Prahran increase, buyers are presented with more choices, with many seeking renovated homes that are move-in ready. The sale of Blanchett’s property serves as a testament to the popularity of well-maintained and upgraded homes in the area, highlighting the ongoing trend in the local real estate market.