The Prospect property at 5 Te Anau Avenue was snapped up before auction. Pic: realestate.com.au
Fire damage did little to deter househunters from getting into a pre-auction bidding war for one Prospect character home.
The 1925-built bungalow at 5 Te Anau Avenue was snapped up before it had a chance to go to auction following strong demand.
Harris Real Estate agent Henry Gower Tillett, who sold the property with Georgie Todd, said they received multiple offers for the beloved family home before it sold for $868,000.
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It had been damaged by fire but that didn’t deter prospective buyers. Pic: realestate.com.au
The owners received multiple offers for the home prior to auction. Pic: realestate.com.au
“The competition drove the owners to accept an offer prior to auction,” he said.
“It was more sold as the land value.
“It gave buyers a chance to be able to get into such a tightly held Prospect market.”
Despite extensive fire damage throughout, Mr Gower Tillett said everyone who made offers saw the house’s potential and planned to breathe new life into it.
“People could see past the damage,” he said.
“While an unfortunate circumstance for the previous owners, they were excited to hear that a new family wanted to restore it to its former glory when it was cherished for years.”
It was on the market for two-and-a-half weeks before it sold. Pic: realestate.com.au
The property was on the market for two-and-a-half weeks before it went under contract.
On a sprawling 759sqm block, it has four bedrooms and two bathrooms, as well as two sheds and a tandem carport.
It had been modernised prior to the fire.
Mr Gower Tillett said it was a combination of the type of home and the suburb that made the property so popular among prospective buyers.
Latest realestate.com.au figures show Prospect’s median house price is $705,000.
It is on a 759sqm block and has four bedrooms and two bathrooms. Pic: realestate.com.au
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