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Cate Blanchett is listing her beautiful three-bedroom home in Melbourne for $2.45 million

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Legendary Australian actor Cate Blanchett has put her beautiful Melbourne pad under the hammer.

The 54-year-old and her husband Andrew Upton have listed the three-bedroom, two-bathroom family home for sale with a price guide of $2.25 million – $2.45 million.

Located in sought-after Prahran, 8km from the CBD, the two-storey home underwent a redesign after the couple bought it for $745,000 in 2006, reports The age.

Built just meters from one of Melbourne's famous landmarks, Victoria Gardens, the chic sprawling building is a stylish venue with an open-plan design.

The ground floor features a sunken living area with floor-to-ceiling glass walls.

Cate Blanchett has put her beautiful Melbourne pad under the hammer

The 54-year-old and her husband Andrew Upton have listed the three-bedroom, two-bathroom family home for sale with a price guide of $2.25 million - $2.45 million

The 54-year-old and her husband Andrew Upton have listed the three-bedroom, two-bathroom family home for sale with a price guide of $2.25 million – $2.45 million

There is also an adjacent entertainment terrace, ideal for spending time with guests.

Other highlights include a stone and stainless steel kitchen and a cozy backyard.

Meanwhile, the second floor offers a 'nursery' area, while the large master bedroom has an en suite bathroom and access to the front veranda.

Cate and husband Andrew are known to own property in Sydney and the United Kingdom

Located in sought-after Prahran, 8km from the CBD, the two-storey home underwent a redesign after the couple bought it for $745,000 in 2006.

Located in sought-after Prahran, 8km from the CBD, the two-storey home underwent a redesign after the couple bought it for $745,000 in 2006.

Built just meters from one of Melbourne's famous landmarks, Victoria Gardens, the chic sprawl is a stylish venue with an open-plan design

Built just meters from one of Melbourne's famous landmarks, Victoria Gardens, the chic sprawl is a stylish venue with an open-plan design

The couple's portfolio includes a glorious Victorian mansion in East Sussex, England, which they bought for £4.9 million (AU$9.4 million) in 2015.

Before Cate and her family moved, the house was owned by Sherlock Holmes creator Sir Arthur Conan Doyle and Doctor Who star Tom Baker.

The couple also own an investment property in Sydney's CBD.

They made headlines in 2017 after selling their huge home in prestigious Hunters Hill for a whopping $18 million.

Cate and Andrew purchased the expansive pad in 2004 for $10 million.

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