A Carnegie property with alarming cracked walls, an unusual floorplan and cupboard doors reinforcing the decaying floorboards fetched $86,500 above price expectations.
The three-bedroom house at 31 Oakdene Cres sold for $881,500 to a Richmond family with plans to do an extensive renovation early next year before moving in.
“They’ll renovate the home and bring it back to its former glory,” Jellis Craig Carnegie auctioneer Ari Levin said of the buyers.
“Coming from Richmond… they saw Carnegie as great value.”
Three other groups vied for the keys to the 1920s-era house, placing close to 70 bids in total in the busy auction.
It was a slow start, with Mr Levin losing power to his microphone at the moment he opened the auction up for bidding.
But it quickly picked up the pace with the help of a curious child who wandered up to the front and helped draw bids from the crowd.
“I love props and getting people involved,” Mr Levin said of his engaging auctioneering.
“It was a good crowd – they were really into it.”
“I wasn’t expecting that much competition.”
Mr Levin said stock was continuing to sell and wasn’t getting replaced this close to the end of the year, leaving little supply for buyers.
“Many buyers are trying to just put the property search to bed,” he said.