BREAKING: In a bold move, Penleigh and Essendon Grammar School has just announced the purchase of a neighboring property for a staggering $7.1 million. This five-bedroom home, located on Ardmillan Road in Moonee Ponds, was previously featured on the acclaimed TV crime drama Underbelly.
The acquisition comes as the school expands its footprint, with the property directly adjacent to its junior girls campus. The Victorian Italianate residence, known as “Rosina,” sits on an expansive block of 1,455 square metres, offering a wealth of features including three bathrooms, a home office, and a grand ballroom.
The home boasts high ceilings, open fireplaces, and stunning Baltic pine solid timber floors, making it a striking addition to the school’s resources. With a three-level tower that includes a study and gym, this property is designed for both leisure and productivity. Additionally, the residence features a swimming pool and an al fresco entertaining area, perfect for community events.
Originally listed in 2023 with a price guide ranging from $7.8 million to $8.58 million, the property underwent multiple price adjustments before its recent sale.
This purchase is not just a real estate transaction; it represents a significant investment in the future of the school’s educational environment. The proximity to the school’s campus will allow for enhanced facilities and activities for students.
According to official property records, the deal reflects ongoing trends in Melbourne’s competitive real estate market, where educational institutions are increasingly seeking expansion opportunities.
For the local community, this development may signal impending changes, including potential enhancements to school programs and services. As the school prepares to integrate this new property, stakeholders will be watching closely to see how it impacts student life and educational offerings.
Stay tuned for more updates as we follow this developing story and its implications for the community.