The actor will now retain 98B St Georges Road, Toorak as part of an international property portfolio which also includes assets in the United Kingdom and New York.

In one of Melbourne's most revered tree-lined streets, Radcliffe's ten year old flat was distinguished by a large open plan living area with a north facing aspect over the Yarra River.

It also offered three bedrooms, two undercover car parks, a storage cage and terrace and was expected to sell for about $2.5 million.

Marshall White selling agent Marcus Chiminello said three strong offers were presented for the property but that the English actor decided to hold.

He added Mr Radcliffe has pencilled a new movie contract which will see him frequent Australia over the next few years.

Daniel's parents - BBC casting director Marcia Gresham and literary agent Alan Radcliffe - paid $1.7 million for the then new flat in 2005. Ownership was transferred to Daniel just before his 18^th birthday in 2007.

Despite being vacant for long spells, the actor has resisted the urge to rent out the asset. It could return more than $1000 per week as an investment, local agents speculate.