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Ron Medich Denham Court mansion fetches record price

Ron Medich's old house at Denham Court

Ron Medich’s old house at Denham Court was sold again two weeks ago for a record price for the suburb – $3.65 million.

Just as his trial for the alleged murder of Michael McGurk was about to get under way, Ron Medich’s former home in Denham Court was being sold for a record price.

Medich, who has pleaded not guilty to the murder of McGurk, built the mansion at 28 Cubitt Drive way back in his early days as a south west Sydney property developer.

That was almost 30 years ago, in 1990.

He and younger brother Roy, also a property developer, subdivided a land holding at Denham Court with plans to build luxury mansions on each block.

Roy Medich sold his mansion almost three years ago for $2.9 million.

His big brother Ron moved to the salubrious Eastern Suburbs when he and his wife sold their Denham Court digs in 2003 for $3.4 million.

It went on the market again in 2014 with the current owners hoping for $4 million, but no buyer was forthcoming despite being listed with four agencies over almost two years.

Last year it was listed with the Sydney Property Review’s Paul Marantz, the former golfer who is Macarthur born and bred.

The vendors did not achieve their $4 million target when the sale went through two weeks ago, but the $3.65 million was nonetheless a record for the luxurious suburb of Denham Court, which is right in the middle of the border between Liverpool, Camden and Campbelltown.

We don’t know who the buyer was, but they are in for a treat, thanks to the fine tastes of Ron Medich when he built the mansion all those years ago.

It seems that the property developer, who started out in Liverpool with investments such as the El Toro Hotel, had $1 million worth of furnishings and antiques imported from Europe for his seven bedroom home.

A chandelier for the grand foyer alone cost $160,000, but there were also imported curtains from France, a baby Grand piano and a replica garden based on something straight out of posh French country estates.

There are five separate living areas, billiard room, tennis court and swimming pool and much more.

It was sold with all the same furnishings and antiques included in 2003 for $3.4 million when Medich and his then wife moved to their waterfront home in Point Piper.

It was sold again four years later for $3.6 million.

But it took a boy from Campbelltown, Paul Marantz, to sell it this time around.

If you’d like to check out the Sydney Property Review, visit their website here.

The house of Ron Medich in Wolseley Road, Point Piper

The house of Ron Medich in Wolseley Road, Point Piper which was sold for $37 million almost three years ago.

 

 

 

 

 

 

 

 

 

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