7 days ago
Bonnie Doon listing proves Darryl Kerrigan was a real estate genius
You can smell the serenity, it's got the vibe and this Bonnie Doon address has even got a view across the lake to the home used when filming The Castle.
And it's making one thing very clear, cult film hero Darryl Kerrigan really did know how to spot a bargain.
The 11 Nanda Court property has just hit the market with an $890,000 asking price, and enough similarities to the holiday home used in the hit Aussie flick that it's worth wondering what it would have cost the film folklore family back in the day.
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No. 11 sold for $61,000 in 1985, about 12 years before the film's 1997 release — and probably pretty close to when Darryl would have bought his piece of paradise across the water.
That's an incredible 1359 per cent increase over the past forty years, meaning the Kerrigan family's holiday home is also now likely worth 14 times what they would have paid for it.
And that's even with the power lines running alongside of it, which just happen to be the same ones that go past the Nanda Court address.
The suburb's median house price is up around $770,000, according to latest PropTrack stats.
Elders Mansfield's Felicity Kay said the two-bedroom home's layout, design was also similar, though the kit-style aesthetic was a little different due to its timber cladding.
'And they are almost looking at each other,' Ms Kay said.
'So you'd just need some jousting sticks and Coco's kennel.'
Noting that the homes on the other side of Lake Eildon are typically selling for similar prices, the agent said Bonnie Doon had come a long way.
'It's become a prime location that's all about the lake,' Ms Kay said.
Most of the homes in the region being snapped up by tradies from Melbourne looking for a weekender where they can take the boat out — and definitely not people from Toorak.
She's hoping whoever buyers the home won't change it, as homebuyers in the area are, ironically, acquiring the older waterside shacks with a view to demolishing them.
A neighbouring residence sold for $850,000 in 2023 was bulldozed almost a day after it settled, and has been replaced with a larger house.
As Bonnie Doon evolves a few of the larger properties in the area are now even sporting their own private helipad.
'Hopefully they don't knock this one down,' Ms Kay said.
'But this one might just stay the way it is. It's well presented … and it's in a quiet court location, walking distance to the pub.'
On the other side of the lake, where the original home from The Castle is currently available as a getaway on Airbnb for about $770 a weekend, Ms Kay said homes are typically a bit bigger — but have a steeper decline to the water, so prices are usually about the same.
And despite a significant price rise for 11 Nanda Court over the past forty years, Ms Kay said she was certain 'Darryl would for sure think it's a bargain'.
