The terrace at 15 Noone St, Clifton Hill is going to auction on October 13.
AN EDWARDIAN terrace acquired by the State Government for the dumped East West Link is re-entering the market at auction this weekend.
The three-bedroom house at 15 Noone St in Clifton Hill is being sold below regular market value after being acquired for the East West Link road project in 2015.
The Napthine government spent $900,000 on the home in June 2015, CoreLogic records show. It’s now has price guide of $900,000-$990,000 after being tenanted for the past three years.
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The house was acquired by the State Government in 2015.
It has a price guide of $900,000-$990,000.
Nelson Alexander Fitzroy agent Peter Stephens said it is one of 17 houses in Clifton Hill the agency had sold on behalf of the State Government.
“Generally price points are a little bit lower for homes which were acquired for the East West Link,” he said.
“It’s hard to find a terrace like this for under $1 million in Clifton Hill.”
There are three large bedrooms at the house.
The land was acquired for the East West Link road project.
CoreLogic data shows Clifton Hill’s median house price is just over $1.35 million.
Mr Stephens said there were two potential buyers keen on winning the keys at Saturday’s auction, and the property appealed to young couples.
“This area is always popular and it’s also in the zone for Clifton Hill Primary on Gold St,” he said.
It is going under the hammer on Saturday, October 13 at 10.30am.
The past year has seen a number of homes re-enter the market after acquisition.
A two-bedroom house at 365 Wellington St sold for $850,000 in July, and two commercial buildings at 592-596 and 598-600 Smith St sold for a combined figure of $5.4 million in June.
The Noone St property was one of the most viewed on realestate.com.au going to auction in Victoria this weekend.
Another State Government acquisition at 365 Wellington St sold for $850,000.
A commercial building at 598-600 Smith St also sold this year.
The Department of Treasury and Finance website shows the government has sold $12.911 million worth of residential and commercial property in Clifton Hill since January.
A buyer this weekend could add another $1 million to the government’s coffers.
SUBURB PROFILE: Clifton Hill
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