Melbourne’s suburban answer to an iconic ancient Incan site has passed in after failing to generate a live bid during its online auction.
Dubbed the owners’ own “Machu Picchu”, the award-winning home at 8 Olivette Avenue, Upper Ferntree Gully, generated four vendor bids, passing in at $2.25m.
The property remains on the market with an asking price of $2.3-$2.5m.
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The Upper Ferntree Gully home was designed with sustainability in mind.
The property has an asking price of $2.3-$2.5m.
The mostly native rooftop garden provides natural insulation and glorious views.
Best practice in sustainability is evident throughout the home, which won the most sustainable house gong at the 2013 Master Builder’s Excellence in Housing Awards.
A rooftop garden of indigenous plants and grasses provides thermal insulation.
The property passed in on a vendor bid.
A vertical garden inside the home.
Space for 1000 wine bottles.
The house also features passive-solar-design best practices, including an internal thermal mass wall that regulates temperature.
Vendor Anton Englemeyer said the rock work on display in the home was upcycled from ground works carried out on the site by the previous owner.
Not a bad spot for a morning coffee, or a New Year’s celebration.
The house won a sustainability gong in 2013.
The open-plan kitchen, living and dining space, alongside the granite thermal mass wall.
Also going under the hammer on Thursday night was 29 McClelland Drive, Mill Park.
The updated three-bedroom house sold for $710,000, stretching $45,000 past the reserve price.
Philip Webb chief executive Anthony Webb said the home was in the “sweet spot” of appealing to first-home buyers, downsizers and people upsizing from apartment living.
No. 29 McClelland Drive, Mill Park sold for $710,000.
“It’s those sorts of properties that seem to be at a really strong point in the market,” Mr Webb said.
His agency also sold 1/3 McGhee Avenue, Mitcham under the hammer for $685,500.
A $12 bidding increment helped get the ball rolling again after the property almost sold for $683,888 at the lengthy auction, eventually netting a $55,500 premium for the vendors.
The auction of 1/3 McGhee Avenue, Mitcham featured a $12 bidding increment.
Mr Webb said his agency was happy to hold weeknight auctions in “a little bit of clear air”.
“It’s great for our vendors because we have our auctions in isolation,” he said.
“Most people are working from home at the moment, they can really get it set up.”
A marathon auction at 21 Canara St, Doncaster East had 51 bids placed before the property ultimately sold for $1.125m.
The three-bedroom house had a quoted asking price of $1-$1.1m.
Ray White Victoria chief auctioneer Matt Condon said the result came down to $100 increments at the end of the auction.
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