4 Nola Court Toorak - James Home Ratings

4 Nola Court Toorak

James Home Rating: 586
Inspected: 6/9/2025

Position

Tucked into a quiet Toorak court — a location with rarity value. Land size is 687sqm. The price guide ($7.3M top) is effectively valuing the land at around $10,000 per sqm, which is consistent with Toorak’s prestige court positioning.

Property

A classic 1960s modernist home, built in 1961. I even met the original owner, which gave it a special sense of history.

• Heritage: Once subject to heritage overlays — but no longer????. This opens the door for redevelopment.
• Architecture: Honest, restrained 1960s lines. Rooms are smaller by today’s standards, and layouts feel dated, but it still carries charm.
• Yard: Northerly rear orientation, giving the outdoor spaces real appeal.
• Condition: Original features intact. Functional but tired for current prestige market expectations.

Buyer Lens

Here’s the dilemma:

• Preserve & Update: For those who love mid-century design, it would be a shame to see this home bulldozed. With sensitivity, it could be modernised, though challenges like small room sizes and lack of garage will remain.
• Rebuild: At $7M+, most buyers will consider starting again, creating a new statement home on a rare court block.

Market & Value

• Quote: Up to $7.3M.
• Context: Buyers must weigh the cost of restoration vs. redevelopment.
• Summary: A rare block in a Toorak court. The existing 1960s home has architectural merit, but in this market, the land is likely to drive the value more than the house itself.