The new price record holder in Northcote.

A contemporary dream home with a spectacular range of features, including a seven-car garage, has set a new price record in Northcote.

The four-bedroom pad at 18 Henry St sold for $4.465 million.

It breaks the previous record set by 167 Clarke St, which sold for $4.3 million in September 2016, and substantially exceeded the $4 million listed price.

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The family home was built with a warehouse aesthetic.

Private theatre.

The enormous seven-car garage.

High quality details of the “ultimate family home” include a home cinema, basketball court, salt-chlorinated pool and double-glazed windows throughout.

Jellis Craig Northcote agent Sam Rigopoulos said there were six offers for the property, with four over $4 million.

He said he was surprised by the number of offers at the top end of market, and that it reflected the shifting market sentiment.

“The property was bought via an advocate, so we didn’t meet the buyer, but everyone who expressed interest were local families from the inner-north looking to upgrade,” Mr Rigopoulos said.

“They were all attracted to its X-factor, good size and proximity to High St.”

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Interior designer Pepi Hartman and her husband, builder Ben, purchased and demolished the single-fronted property in 2013, and developed the bespoke home on the 706sq m land allotment.

On the lower ground floor is the huge garage, games room, wet bar and home gym.

The executive office, private theatre, laundry with drying and mud rooms and a separate lounge room, which leads to the living domain and designer kitchen, are upstairs.

The living room with a garden outlook.

The lounge room with an exposed brick wall.

The original home was knocked down in 2013.

The understated facade.

Outside is the covered deck, landscaped gardens, pool and a floodlit basketball key, while three bathrooms and four bedrooms — including the main with a dressing room, ensuite and sitting area — are on the top floor

Mr Rigopoulos said the strong sale reflected the quality of the home and the scarcity of good properties on the market.

The dining room opens to the entertainment deck.

The kitchen is a chef’s dream.

Swish.

“When you consider the cost of renovating these days, you can understand why it would be encouraging to a buy a ready-made home like this,” Mr Rigopoulos said.

“Its value is so hard to replace, and that’s underpinned by the number of people who made offers.”

Mr Rigopoulos added that there were lots of buyers in Northcote, but not much stock available.

“Demand is as strong as we’ve seen it, and the willingness for buyers to negotiate suggests the market is in a really healthy place,” he said.

One of four upstairs bedrooms.

The wet bar.

“The only thing lacking is the volume of auctions happening every week.”

The property last sold for $1.4 million in August 2013, according to CoreLogic.

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