Historic Cottesloe property hits the market for the first time in 60 years
By
A piece of Perth’s rich history is now available for purchase, marking the end of an era for a family that has owned the property for nearly 60 years. The landmark property, located at 11 Pearse Street, Cottesloe, has been listed with a price tag starting from $13.95 million. This rare opportunity to own a slice of Cottesloe’s past has sparked significant interest among potential buyers.
The property, known as ‘Richon,’ was built circa 1925 and holds a prime position just 200 metres from Cottesloe Beach. Its sale represents the first time in 60 years that the property has been put on the market. Originally purchased by a farming family in 1966, the home served as a city base for the family as they prepared for their children’s high school education.
Sales agent Bev Heymans from Belle Property underscored the historical significance of the property, noting its deep roots in the local community. “The owners – that are deceased now – were Wheatbelt farmers. He married Fleur Harvey in 1939, she was the daughter of the longest running person on the Cottesloe Council,” Ms Heymans explained. The property, named after a winery, has maintained its ties to Cottesloe’s history and culture over the decades.
The Cottesloe property is situated on a generous 1181 square metre block, boasting a north-facing frontage that offers stunning views of the adjacent golf course. The expansive lot also presents a unique opportunity for development. According to Ms Heymans, the property has subdivision potential, allowing for the creation of up to four separate blocks. Alternatively, new owners may choose to build a new home or renovate the existing four-bedroom, three-bathroom Edwardian-style bungalow.
“It is a pretty hot property, but if someone’s going to do a big renovation… you’re looking for someone who’s probably got a $20 million budget, so a slightly bigger budget,” Ms Heymans noted. The home’s architectural features, such as its Marseilles style terracotta tiles, gabled roof, and bay window, are complemented by intricate mouldings, leadlight windows, and a charming porthole window. These elements are a testament to the property’s historical charm and unique character.
The Town of Cottesloe’s municipal inventory acknowledges the home’s significance, describing it as an example of the “predominant architecture in Cottesloe prior to WWI in a spacious setting.” This recognition highlights the property’s architectural and historical value, making it a rare find in today’s market.
Interest in the property has been robust, with potential buyers drawn to its development possibilities and its prime location. “I’ve had good interest. Interest has been at this point, primarily more to develop,” Ms Heymans said. The property’s proximity to the beach, combined with its expansive land size, makes it an attractive prospect for developers and homeowners alike.
“I personally love the whole house- it’s got the most magnificent setting,” Ms Heymans added. “You’d have probably a handful of properties in Cottesloe that have that land size – you wouldn’t get another one in that location.” The combination of its historical significance, architectural beauty, and prime location makes the property a standout in the Cottesloe real estate market.
As the property goes up for sale, it offers a rare chance to own a piece of Cottesloe’s history, while also presenting exciting opportunities for future development. Whether preserved as a historical home or transformed into a modern development, 11 Pearse Street remains a testament to the enduring appeal of Cottesloe’s coastal charm.