Dimora Rosso
Albert Park heritage, redefined
Dimora Rosso is a single-fronted heritage house at 23 Reed Street, Albert Park, a tightly held inner-bay suburb with strong owner-occupier demand. Kelkap acquired the property for $2.71m as a premium residential asset with clear potential for a design-led redevelopment.
The street-facing façade was retained, and the interior was rebuilt as a contemporary home with Rosso Levanto marble as its signature material. Architectural design and high-end finishes were the focus of the project, which was aimed at buyers in the premium segment of the market.
Single-fronted heritage homes in this part of Albert Park rarely come to market, and buyers at the top end look for quality, character and a considered finish. Keeping the original frontage preserved the home's place in the streetscape while the interior was rebuilt around modern living.
Kelkap is currently progressing a new boutique residential redevelopment opportunity in East Melbourne — one of Melbourne’s most prestigious and supply-constrained inner-city locations. The project follows the same proven investment approach utilised across prior Windsor and Albert Park developments.
Address
23 Reed Street, Albert Park VIC 3206
Project Type
Premium residential redevelopment
Investment Time Frame
12 Months
Acquisition Price
$2.71m
Exit Strategy
Sale Upon Completion
Investment Strategy
Acquisition of a premium inner-Melbourne residential asset, Design-led renovation or redevelopment, Controlled construction timeframe, Defined exit via private resale.
