Real Estate

Collingwood star Levi Greenwood’s search for buyer kicks on in South Melbourne

Written by The ReReport

A buyer is yet to swoop on Magpies midfielder Levi Greenwood’s South Melbourne home.

The single-fronted terrace, which Greenwood stylishly renovated to feature a black and white fit-out, passed in at auction yesterday at $1.125 million.

While the 40-odd crowd featured four parties who’d expressed interest in 97 Bank St, only one put their hand up.

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Former Richmond and Essendon player Ty Zantuck was also among the onlookers.

The sole bidder raised their offer in a post-auction negotiation, but fell short of the 2018 Grand Finalist’s $1.275 million asking price.

The pad remains for sale, with Marshall White selling agent Matthew Pillios considering offers from $1.25-$1.275 million.

Mr Pillios expected a deal to be done sooner rather than later.

More and more buyers were “hanging back” at auction, hoping to take advantage of cooling market conditions and snare a bargain, he said: “We’re generally confident of securing a sale in seven to 10 days.”

Elite Buyer Agents director David Easterbrook said buyer strategy had “completely changed” in Melbourne.

“They’re not paying stupid prices anymore. And they’ll wait, wait, wait,” he said.

Greenwood previously told the Sunday Herald Sun the house had been in bad shape when he snapped it up in late-2016, when CoreLogic records show it fetched $920,000.

“I put a golf ball on the ground and it would roll from one end of the house to the other,” the 29-year-old recalled.

“We basically turned it into a skeleton and built it up again.”

A key focus of the reno was opening up the formerly segmented pad. It now features a wow factor open-plan living and kitchen area that seamlessly flows out to a backyard deck with a beach mural.

Two bedrooms, a bathroom and an upstairs multipurpose room that could be another bedroom or living area, or be offered on Airbnb, complete the package.

Greenwood, who started his career with North Melbourne, sold a Northcote Edwardian house he also renovated for $1,307,500 in July last year.

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