Real Estate

Bentleigh first-home buyer goes $70k past reserve to end year-long hunt

Written by The ReReport
As seen in the Source link, written by on 2018-12-16 15:13:06

2/20 Tucker Rd, Bentleigh

2/20 Tucker Rd, Bentleigh, sold $70,000 above reserve to a first-home buyer.

A Bentleigh unit has sold close to $70,000 above reserve to a first-home buyer keen to end a year-long home hunt before Christmas.

It was also an emotional day for the seller, a 96-year-old who had bought and moved into 2/20 Tucker Rd, Bentleigh, when it was a brand new unit more than 20 years ago.

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Jellis Craig Bentleigh’s JohnPaul Marmora said it had been a “fantastic result”, especially for the long-suffering buyer.

2/20 Tucker Rd, Bentleigh

A modest garden area provided space to entertain outdoors.

“The people who purchased have been looking this entire year, so to wrap it up this year they were pretty happy,” Mr Marmora said.

“And it’s particularly good to see in this market.”

Bidding started at $670,000, followed by a $10,000 rise, before a buyers agent made a $750,000 offer.

2/20 Tucker Rd, Bentleigh

The starter home came with a well appointed kitchen.

It was called on the market at $805,000, and eventually sold for $874,000.

The auction came down to the buyers advocate, Elite Buyer Agents’ David Easterbrook, and the first-home buyer who had assistance from their father.

Mr Easterbrook said buyers had been attracted by the lack of an owners corporation, and the unit’s location in the McKinnon school zone.

2/20 Tucker Rd, Bentleigh

2/20 Tucker Rd, Bentleigh, offered bright living spaces.

Other interested parties were knocked out of the bidding before they had a chance to make an offer, according to Mr Marmora.

A combination of local schools, a single-level floorplan and the spacious living zones on offer had lured in the buyers, he said.

“And, in all honesty, it was very well kept,” Mr Marmora said.

“It hadn’t had a lot of wear and tear.”