Goyder settles on $17 million Peppy Grove pad

Liontown Resources chair Tim Goyder, who made a fortune in Chalice Mining, has paid $17 million for a home overlooking the water in Peppermint Grove.

Mr Goyder and wife Linda settled on four-bedroom, three bathroom home on The Esplanade this month.

Set on 3652sqm of land, the property has sweeping views of Freshwater Bay and is close to Royal Freshwater Bay Yacht Club.

Mack Hall brokered the deal.

The property was previously the subject of a Supreme Court dispute between the Peppermint Grove council and owner Lyndon Brown over heritage listing for the bungalow-style house, which had been entered into the council’s municipal inventory in the 1990s along with almost 160 other properties.

Mr Brown had attempted to redevelop the house in 2014 but was refused due to it carrying the highest possible classification as a heritage property.

Attempts in 2017 by the shire’s development service manager to have the classification downgraded so the property could be redeveloped were again rejected by council, with the matter taken to the Supreme Court in 2019.

Supreme Court justice Gail Archer said in her ruling that while the council was not biased in its decision, she did concede that an apprehension of bias did exist.

Business News reported that the property, which Mr Brown had transferred into his holding company Dain Pty Ltd, had sold last year to an undisclosed buyer. But that sale appears to have fallen through, with land title records showing Dain as the vendor in the deal with the Goyders.

Mr Goyder has risen to prominence over the past few years due to a stake in Chalice Mining, whose Julimar nickel-palladium discovery is ranked as one of the great finds in WA. He left the board of Chalice in October.

Its share price has gone from 20 cents to a high of near $9 and then back to $4 over the past two years.

Mr Goyder also holds a substantial stake in Liontown Resources.