The vendors of 12 Glenmore Crescent, Black Rock have an extra $300,000 to play with.
Houses shot way past vendors’ price expectations at sales held during Melbourne’s first Saturday of stage four coronavirus restrictions.
Agents sold properties from their living rooms via online auction platforms, which reeled in some incredible results.
A Black Rock beauty at 12 Glenmore Crescent sold for a whopping $2.76m, soaring more than $300,000 above reserve.
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Inside the traditional family home.
Ray White Carnegie agent Tom Grieve said the auction was brought forward from its original date, August 22.
“What was meant to be a four-week campaign turned into a two-week campaign because we won’t be able to get anyone through in the coming weeks and we didn’t want it sitting there gathering dust,” Mr Grieve said.
“Right from the get go, we had a lot of inquiries because an offering like this is particularly rare so that generated a lot of interest.
“The sellers are thrilled, they didn’t think they would get this price even prior to COVID-19.”
Another massive result was notched by an architectural delight at 39 Iffla Street in South Melbourne.
This weatherboard charmer at 39 Iffla Street, South Melbourne sold strongly.
An outdoor terrace.
The living area flows outdoors.
A red splashback is a design focal point in the kitchen, which also opens outside.
Two young couples bid for the three-bedroom property, which sold $157,500 above reserve for $1.7325m.
Marshall White Port Phillip agent Nicholas Hoo said a full-length campaign had allowed for about 80 private inspections, which lead to eight registered bidders on auction day.
“It was one of only two homes available in South Melbourne that was fully renovated with three big bedrooms,” Mr Hoo said.
“Lack of stock is a big issue for buyers at the moment … there isn’t much available by way of choice.”
Wakelin Property Advisory direct Jarrod McCabe said online auctions “remain a spirited affair” but they would “become increasingly rare in coming weeks”.
“Prohibition on physical inspections will discourage most prospective vendors from starting new campaigns, although there will be a brave minority who feel there are buyers out there willing to rely on virtual inspection technology,” Mr McCabe said.
The house at 5 Colburn Court, Hillside also sold strongly.
As did 8 Mantaura Avenue, Taylors Lakes.
Inside the Taylors Lakes home.
Other big results included houses at 8 Mantaura Avenue, Taylors Lakes, and 5 Colburn Court, Hillside, which both sold $50,000 above reserve for $675,000 and $650,000 respectively.
The properties were sold via online auctions conducted by Barry Plant auctioneers from their homes.
Barry Plant chief executive Mike McCarthy said a number of sales would be pushed through during stage four lockdown for properties via private sale.
The company’s Manningham office already had 35 properties that were under offer and would be sold soon.
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