Five bidders hoped to win the keys to 24 Vanessa Ave, Highton at Saturday’s auction.
Gloomy property market predictions were turned on their head as a Highton house smashed its auction reserve by $91,000 on Saturday.
Five bidders contested the three-bedroom brick home at 24 Vanessa Ave, which sold under the hammer for $751,000.
Hayeswinckle, Highton agent Michelle Winckle said buyers were lining up for the chance to break into the tightly-held street.
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The solid brick house is in a tightly-held street.
She said the result reinforced taking a property to auction could pay off in the current climate.
“There was lots of competition from people wanting a family home,” Ms Winckle said.
“It was a great result in this market, it just shows people are out there.
“Vanessa Ave is a well-known street in Highton.”
The kitchen adjoins a casual meals area.
Exposed timber beams are a feature of the loungeroom.
The solid brick house is on a 868sq m block and offers a large loungeroom featuring exposed brick and a raked timber ceiling, a formal dining room, casual kitchen/meals area and two bathrooms.
“There’s lots of north-facing sun and beautiful north-facing windows,” Ms Winckle said.
“The home itself was architect designed.”
Kids and pets have space to run outside.
A vacant block of land behind 24 Vanessa Ave, at No. 6, also went to auction on Saturday and Ms Winckle said negotiations were continuing on that 889sq m home site.
It was listed with price hopes of $450,000 to $500,000.
Highton’s median house price rose 3.5 per cent over the past 12 months to $703,000, according to Hometrack data.
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