Real Estate

buyers vie for renovated carnegie home making a windfall sale

Written by The ReReport

A Carnegie house sold for $1.153 million in a competitive auction on one the busiest days on Melbourne’s property calendar.

CLEVER vendors have cashed in on their Carnegie home, less than a year after completing a modern extension that lured buyers to the table.
The renovated family home at 52 Woornack Rd sold for $1.153 million under the hammer, as six bidders pushed the price $103,000 above reserve.
The period-era home sold to a young couple after 31 bids, who said they loved the open-plan extension that was only completed this year by the vendors.

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It sold $103,000 above reserve.

Vendors Jessica Gleeson and Garth Stone added a free-flowing living area and low-maintenance backyard to the home, before deciding it was time for them to make a tree-change.
Mr Stone said the couple are moving north to Eltham with their children Saige, 3, and Ryder, 5.
“When we bought it off an older lady, the back of the house was very small and the yard was overgrown,” he said.
“We decided to knock off the back section and create some open plan living.”

A large, modern kitchen was included in the extension.

A third bedroom was also added to the property.

The transformation helped almost double the house’s sale price in six years, proving a windfall for the couple. CoreLogic data shows it was purchased for $586,734 in 2012.
The couple added a third bedroom to the home, making it a drawcard for family buyers.
A Malvern couple, who chose not give their names, beat the underbidder with a $1000 final bid.

Inside the Carnegie home.

There is one bathroom at the residence.

They said it felt great to win the keys after such tough competition, ending a six month property search.
“We love the back extension area and we’re planning on moving in,” they said.
Buxton Mt Waverley director Rohan Cleary said more than 90 groups inspected the home, which had a price guide of $900,000-$990,000.
A crowd topping 100 people attended the Saturday morning auction.
“It certainly had an attractive price point, with a spectacular kitchen and some cute Art Deco charm about it as well,” he said.


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