Sunday, March 26, 2023
HomeNewsMelbourne auctions: Luxe Doncaster East home flies $178k over reserve

Melbourne auctions: Luxe Doncaster East home flies $178k over reserve

- Advertisement -

A renovated Doncaster East family home scored a top result under the hammer.

Melbourne auctions are back in full swing after a summer hiatus, with family homes still fetching top results.

A strong weekend result was seen in Doncaster East, where a glamorous four-bedroom home flew $178,000 over reserve to reach a $1.928m sale.

Four bidders, including professional couples and families, competed for the keys to the renovated 27 Maxia Rd pad.

RELATED: Dingley Village and Doncaster East houses attract large premiums

Melbourne auctions: Seller scores 15 per cent profit in six years

Auction blog: Livestreams and rolling updates from Melbourne’s auction market

A five-bedroom Blackburn North home also sold under the hammer.

55 Stockmans Way, Kensington, sold after passing in.

Jellis Craig Doncaster director Chris Savvides said the 741sq m property was within walking distance to the Beverley Hills primary school, which was a major drawcard for buyers.

“It was a very busy campaign with just over 150 inspections,” Mr Savvides said.

“There was a huge crowd at the auction, and several buyers came along that didn’t get the chance to bid.”

He added the home offered the “complete package”, with four bedrooms, two bathrooms and a north facing entertaining area with a swimming pool at the rear.

“Family homes in the Manningham area are really popular … anything that’s a renovated and updated family home are our number one sellers.”

Also in Melbourne’s east, two buyers went toe to toe for a five-bedroom home in Blackburn North.

A $1.5m offer opened up the auction for 14 Kaolin Court, before bids quickly reached the $1.65m reserve and eventual $1.665m sale.

Woodards Blackburn agent Rachel Waters had the listing.

A three-bedroom townhouse in Kensington also notched a $1.18m sale on Saturday after a young couple buying their first home won a bidding battle with another buyer.

Two bidders competed for the Kensington townhouse.

In Kew East, 2/21 Clyde St notched a huge sale.

The auction for 55 Stockmans Way kicked off with a $1.1m vendor bid, before offers were placed in $25,000 rises.

It passed in on a $1.14m offer, with further negotiations post-auction leading to the $1.18m sale.

Nelson Alexander Flemington auctioneer Jayson Watts said the home had been with the same owners for 26 years, who purchased it for $193,500 in 1997, according to CoreLogic records.

“It’s quite a spacious property with two separate living zones and it fronts onto parklands,” Mr Watts said. “It’s very quiet but still very central.”

It was initially listed with a $1.1m-$1.2m price tag.

And in Kew East, four buyers went up for a three-bedroom house at 2/21 Clyde St, listed by Nelson Alexander Kew agent Petria Thomas.

The property had a $1.58m reserve but wasn’t called on the market until $1.61m. It sold for $1.686m.

PropTrack recorded a preliminary clearance rate of 62.5 per cent last week from 379 reported results, with a further 622 auctions scheduled for this week.

Sign up to the Herald Sun Weekly Real Estate Update. Click here to get the latest Victorian property market news delivered direct to your inbox.

MORE: Melbourne real estate: Where you should buy to make money now and become a millionaire in 10 years

South Melbourne tower has an underground plan to dig residents out of bill pain, create new park

Moving On Up: Former tennis world doubles champion Peter McNamee reveals property journey

Story Credit:

- Advertisment -

Most Popular