Toorak Property Valuations

Written By Peter Ferrier

Toorak is regarded by many as the most prestigious residential suburb in Melbourne. Toorak is situated approximately five kilometres south east of the Melbourne CBD and is convenient to amenities including well-regarded private schools, popular ‘Toorak Village’ shopping strip, public transport, main road linkages and parkland.

Properties without heritage restrictions often see significant premiums to land value as buyers can demolish, excavate a large basement and develop typically a new contemporary or French provincial style dwelling to better capitalise on the land. A key marketing feature in Toorak is proximity to Toorak Village, with many luxury apartment developments completed within close proximity to cater for downsizers who wish to be in convenient walking distance of Toorak Village. With regards to larger family holdings, streets such as Albuny Road, Ottawa Road and Hopetoun Road whilst being further from Toorak Village, are considered prestigious addresses.

Sovereign Valuations holds expertise within the Toorak prestige residential market, having advised on substantial holdings in excess of $60 million.

GettyImages-185231771.jpg
Peter Ferrier

Peter Ferrier AAPI MRICS SA Fin holds over 15 years’ experience in valuations and is regularly engaged for disputed litigation and compulsory acquisition matters. Peter holds expertise across all major asset classes and development feasibilities, having advised on several projects in excess $100 million.

Previous

Private Jetty Rents