Airport West house sets new $2.45m suburb record

The bold facade of 11 Chancellor Rd, Airport West, the suburb’s new record holder.

Airport West has rewritten its property record books, as a luxury new build stormed past expectations to fetch $2.45m, the suburb’s highest ever sale.

The five-bedroom showpiece at 11 Chancellor Rd eclipsed the previous $2.2m record set in 2023 at 53 McIntosh St, resetting the suburb’s prestige ceiling by a significant margin.

Jellis Craig Moonee Valley director Simon Mason said the property stood out because it was both brand new and generously scaled on a 534sq m block, a rarity in a suburb where most new builds are dual occupancies.

“Traditionally, Airport West hasn’t seen near-new homes of this size,” Mr Mason said.

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“The owners were ambitious in creating something that simply hadn’t been done before in this pocket.”

Mr Mason said the result highlighted strong buyer appetite for move in ready homes offering prestige finishes at a relative discount compared to neighbouring blue-chip postcodes.

“If you bought something similar in Essendon, Strathmore or Moonee Ponds, you’d be paying $3m to $4.5m,” he said.

“This gave buyers the same lifestyle and design without the same price tag.”

A fireside lounge anchors the open-plan living space with warmth and style.

From Venetian plaster to curved walls, the home’s meticulous finish sets it apart.

Featuring Marmorino Venetian plaster, sweeping curves, a resort-style pool and landscaped surrounds, the home delivered what Mr Mason described as a “genuine wow factor”.

“The last five per cent of quality made all the difference,” he said.
“It wasn’t just a house, it was a finished luxury product, buyers could walk in and picture their lives there immediately.”

A gourmet kitchen with Taj Mahal stone and a sculptural island creates the ultimate entertainer’s hub.

The two-user home office offers flexibility for work or study.

The Jellis Craig Moonee Valley director said the auction itself drew close to 100 onlookers and three determined bidders, opening at $2m before quickly surging to $2.45m in a fast-paced contest.

“Most of the interest was in the $2m-$2.2m range, which really just reflected the replacement value,” Mr Mason said.

“But buyers could see the value above that, especially when you factor in the time and stress of building themselves. It made sense for them to stretch.”

The heated resort-style pool is a standout for summer entertaining.

Alfresco dining flows seamlessly to landscaped gardens and the sparkling pool.

The high-profile sale comes just 15 days into spring and follows a string of record-setting results across Melbourne’s northwest.

Mr Mason noted sale records across the northwest corridor had been broken in three suburbs within the past year — Airport West, Keilor East and Avondale Heights.

“It’s proof this corridor has serious momentum,” he said.

“It’s not just the prestige inner pockets anymore, the appetite for family-sized, luxury move in ready homes is pushing benchmarks higher right across Moonee Valley.”