Academy Award-winning actress Cate Blanchett is making a move in the real estate market. The accomplished actress has decided to downsize her property portfolio by putting her long-held Melbourne home up for auction. Located in the picturesque inner suburb of Prahran, not far from her birthplace of Ivanhoe, this three-bedroom, two-bathroom home is hitting the market with a starting price of approximately $1.47 million.
Blanchett and her husband, Andrew Upton, purchased the residence in 2006, making it their home for over a decade. The property is being represented by renowned realtors Kay & Burton, and the auction is scheduled to take place on March 9th.
Designed with a contemporary aesthetic, the home boasts large, floor-to-ceiling windows that offer stunning views of the surrounding verdant garden. The interior exudes a sense of sophistication with its crisp white walls and floors. The facade of the house features a striking contrast, with one side showcasing dark gray, painted wood and the other displaying a natural finish.
Promoted as a 'tranquil oasis,' the two-story residence features an open floor plan that seamlessly connects the main living spaces to the outdoors. On the second floor, you'll find two private bedrooms with dark hardwood floors and built-in white wardrobes. Additionally, the upper level houses a lounge, an office nook, and a loft, providing ample space for relaxation and productivity.
The property also offers attractive amenities such as a spacious outdoor deck, a private garden, solar panels, and off-street parking. The combination of these features makes it an enticing prospect for potential buyers.
While Blanchett may be parting ways with this Melbourne abode, she has found a new primary base across the globe in the United Kingdom. Rumor has it that she resides in a home that was once owned by famed Sherlock Holmes author Sir Arthur Conan Doyle, further adding to the allure of her real estate choices.
Apart from her real estate ventures, Blanchett is also heavily involved in various philanthropic activities. As a council member for the Earthshot Prize awards initiated by Prince William, she plays an essential role in promoting environmental sustainability. In addition, her dancing skills were on full display during the 2023 Glastonbury Festival, where she surprised attendees by joining The Sparks on stage during their performance of 'The Girl is Crying in Her Latte.'
With her two eldest children having left the nest for college, Blanchett is likely seeking a smaller residence that better suits her current needs. She continues to enjoy the company of her younger children, Ignatius and Edith, as she embarks on this new chapter in her real estate journey.
As the auction for Blanchett's Melbourne home approaches, interested buyers will have the opportunity to own a piece of property that epitomizes contemporary elegance and a seamless connection to nature. Whether it becomes the residence of a lucky individual or a well-deserved investment opportunity, this tranquil oasis is sure to attract considerable attention in the real estate market.
