The Broadview property at 32 Beaven Ave sold under the hammer at the weekend. Pic: realestate.com.au
A Broadview home that dozens of househunters were determined to get their hands on will be bulldozed.
The rundown four-bedroom house at 32 Beaven Avenue attracted 30 registered bidders at auction on the weekend.
Selling agent Nino Micic, of Harcourts Plus Seaton, said it sold under the hammer to a young family who planned to demolish it and rebuild a larger home.
While he knew it would appeal to househunters looking to renovate or redevelop, Mr Micic was shocked at the level of competition.
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It attracted 30 registered bidders. Pic: realestate.com.au
A family bought it with the intention of demolishing it and rebuilding another home. Pic: realestate.com.au
“It felt like a COVID-free world on Saturday morning,” he said.
“In 16 years, that’s the most bidders I’ve ever had at an auction. I expected 15 to 20.”
He said bidding started at $300,000 before jumping from $320,000 to $450,000, then climbing gradually to $552,000 when the hammer came down.
“We put the property on the market around $535,000,” he said.
“The last $2000 to $3000 … it was a matter between two bidders.”
Mr Micic said it attracted a range of buyers, from developers to owner occupiers with plans to renovate or rebuild.
Despite the house’s current state, he said they were attracted to its 701sqm corner block and the prospect of subdividing.
The 1950s-built house – which has boarded up windows, crumbling walls and patchwork floors – has remained an empty and rundown shell for more than a decade.
The selling agent was surprised at how many people registered to bid for the house. Pic: realestate.com.au
Its sellers had been chipping away at restoration plans for years but decided to cut their losses and put it on the market in June.
Mr Micic warned prospective buyers that a renovation was “not for the faint-hearted”.
Meanwhile, another rundown property at Prospect sold under the hammer at the weekend
First National Riggall principal John Riggall said five registered bidders vied for the keys to the three-bedroom house at 33 Camroc Avenue, which was snapped up for $610,000.
“The people who bought it are owners occupiers so they are going to renovate it and live in the home,” he said.
The property was advertised with a $575,000 price guide.
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