The Woodville South home at 18 Glengarry Street sold for much more than its vendors expected at the weekend. Pic: realestate.com.au
The seller of a 1930s bungalow was reduced to tears when their home was snapped up at auction – not because they were sad to let it go but because it fetched such a high price.
The Woodville South property at 18 Glengarry Street sold for $953,000 under the hammer on Saturday, more than $50,000 above its reserve price.
Ray White West Lakes principal Larry Finis, who sold the house with Denis Bajraktarevic, said the vendors were “ecstatic” with the price, which was much higher than they expected.
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It sold for $953,000 under the hammer. Pic: realestate.com.au
There were 14 registered bidders vying for the keys. Pic: realestate.com.au
“Our anticipation was that it was probably going to be sold in that mid to high $800,000 range,” he said.
“The person who ended up buying it, she knocked everyone out on the first bid – her first bid was $870,000.”
Mr Finis said it ended up being a short auction, with only about seven bids in total.
“The vendor started crying after the first bid,” he said.
“The reserve was $900,000 but they would have taken $850,000.”
Mr Finis said the three-bedroom modernised character home, which property records show last sold in 2009, attracted a lot of interest during its three-week campaign.
“There was probably 60 to 70 people who attended the property, and we had 14 registered bidders on the day,” he said.
Mr Finis said the buyer was so determined to snap up the home because she had been looking for the right property for a while and this one ticked all the boxes.
Several properties that went under the hammer at the weekend fetched much higher prices than expected.
The Burnside duplex at 9 Windarra Avenue sold for more than $40,000 above its reserve price. Pic: realestate.com.au
A Burnside duplex at 9 Windarra Avenue sold for $667,000 at auction – $42,000 more than its reserve price.
Ray White Norwood agent Brandon Pilgrim, who sold the three-bedroom residence with Derek Lee, said three registered bidders attracted to its location were vying for the keys.
“It was the location, there’s a little reserve at the end of the street and there are cafes just around the corner,” he said.
Meanwhile, a Clarence Gardens home at 9 Neville Avenue, which had a $570,000 reserve, sold for $601,000 at auction.
Selling agent Daniel Richardson, of Tanner Real Estate, said a first-home buyer outbid three others to secure the keys.
The Clarence Gardens home at 9 Neville Avenue also fetched much more than expected at auction. Pic: realestate.com.au
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