Real Estate

Elsternwick house sale price gains $300k in one year

Written by The ReReport
As seen in the Source link, written by couriermail.com.au on 2020-07-29 15:03:14

60 St Georges Road, Elsternwick sold before it even hit the market.


A picture-perfect Elsternwick home has gained more than $300,000 in slightly more than a year.

The Edwardian home at 60 St Georges Road sold for $2.41m before there was even time to launch a public campaign.

The Agency agent Brendan Walker said the result soared well above the $2.1m paid by the vendors in May 2019.

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Edwardian details are across the home.


Modern features are also part of the property.


“We were supposed to go live with the property on Thursday … but we had 22 groups through before then and four offers at an acceptable level,” Mr Walker said.

“So on the Monday night we had two parties fight it out until there was one successful buyer at about 10pm.”

He said a lack of stock helped get the sale across the line with a local buyer after multiple inspections.

The property gained more than $300,000 in a year.


There are plenty of living areas inside.


“There are still some really great results happening out there for A-grade properties,” Mr Walker said.

“The amount of interest and the fact that it sold so well is testament to the quality of the property, its fantastic position and wonderful amounts of accommodation.”

The vendors had not changed anything about the property.

Elsternwick has recorded promising house price growth in the past year, with the median price increasing 13.6 per cent to $1.925m.

The property was set to go online this week.


A local buyer bought the property.


Melbourne has recorded other strong results via online auction during the latest lockdown.

In Essendon, a modern marvel at 80 Forrester Street sold a massive $160,000 above reserve for $1.96m.

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Nelson Alexander Essendon director Mark Giardina said four of the eight registered bidders battled for the keys.

80 Forrester Street, Essendon sold for $1.96m.


Modern living flows outdoors to a pool.


There were more than 50 inspections over the course of the sleek home’s campaign.

Another property at 6 Sylvia Close in Hillside sold almost $100,000 above its reserve for $643,0000 through Barry Plant in Taylors Lakes.

6 Sylvia Close, Hillside sold for $643,000.



Three bidders competed for the renovated property, where a huge garage was recently converted into a home theatre, games area and bar.

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