This house at 160 Eildon Road, Windsor has sold at auction for $850,000.
A family who pulled out of an off-the-plan property purchase when the developer would not deliver on contract commitments, have finally bought their first home in Australia, securing an inner northern house at auction for $850,000.
New owners Nicole and Neil Gavin (front) with the sellers Benn and Nikki Kennedy and their son Jack, 3, (middle), and Ken McFarlane (top) whose father had the house built in 1948.
Six registered bidders, including one on the phone from New South Wales, took part in the auction of the three-bedroom house on 543sq m at 160 Eildon Road, Windsor.
Among the onlookers was Ken McFarlane, whose father had the worker’s cottage built in 1948.
The house at 160 Eildon Rd, Windsor was sold by Matt Sale of Ray White West End.
“I’m kicking myself that I didn’t buy the house with my brothers and sisters as a share house,” he said.
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Ken McFarlane with pictures of the house his dad built in 1948.
Mr McFarlane sold the worker’s cottage in 2001 for $146,000 and a large rear deck was added before Benn Kennedy bought the house in 2006 for $320,000 and began a major renovation to the original home.
“I don’t recognise the place,” Mr McFarlane said.
“But I see the polished floorboards are back. We had them when I was a kid but in the 1960s carpets were all the rage. I moved out in 1975.”
A new kitchen was part of the most recent renovations.
Neil and Nicole Gavin, who currently rent in neighbouring Wilston, had been looking for their first home in Australia since putting their UK property on the market two years ago.After being released from a townhouse contract last month, they were about to make an offer on a Gordon Park property when they decided to inspect 160 Eildon Road, Windsor.
“The moment I walked in the door I knew this was the house,” Mrs Gavin said.
Outdoor areas were very important to the buyers of 160 Eildon Road, Windsor.
“I liked the deck and the fire pit. We live outdoors a lot and it just suits our lifestyle.”
At Saturday’s auction, Ray White auctioneer Mitch Peereboom accepted an opening bid of $600,000 for the three-bedroom house and four active bidders took part, raising the price by $50,000 each time.
Mr Gavin entered the auction at $700,000 and at $800,000 he was in front when the auction was paused for negotiations for more than 20 minutes.
“We had a plan, we had a top limit to our financial plan, and we said we wouldn’t break it and we did,” Mrs Gavin said. “Which is why there was such a delay because we were deciding if we could afford it.”
Mr Peereboom resumed the auction with an increased bid of $850,000 and the property was sold unchallenged.
The auction was one of almost 50 to go to auction across Brisbane on Saturday.
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