Real Estate

family upsizes with million dollar pre auction offer

Written by The ReReport

A KNOCKOUT million-dollar pre-auction offer has landed a keen buyer an upsized five-bedroom home.
The generous $1.02 million offer for 32 Trafalgar St, Ferntree Gully sailed past several others and was more than $60,000 above the price guide.
“The buyer, from nearby Upper Ferntree Gully, was the first to make an offer and got it because it was much higher than what others offered,” Ray White Ferntree Gully agent Matt Morris said.

Related: Mostly gain, little pain for Knox sellers

Vendor’s Grand Final Day auction win

Large family living and entertaining are a feature at 32 Trafalgar St, Ferntree Gully.

The family was keen to relocate to the fully renovated home that features spacious living zones, a sleek kitchen, poolside entertainment area with Bali hut and landscaped gardens.
Sales records show the property was previously purchased in 1995 for $73,500. It gave the vendors a price gain of $946,500 in 23 years — $41,152 a year.
The 977sq m property sold a week prior to the scheduled October 13 auction and had more than 30 groups inspecting it and four buyers making pre-auction offers.

32 Trafalgar St Ferntree GullyThe modern, well-equipped kitchen at 32 Trafalgar St, Ferntree Gully.

32 Trafalgar St Ferntree GullyPolished floors are a stylish feature.

The property had a price guide of $860,000-$940,000. The vendors had given the property a makeover and transformed it into an impressive family entertainer.
Among the successful auctions in Knox suburbs on a busy auction weekend ending October 7, two first-home buyers competed for 1/12 Ross St, Ferntree Gully for a $765,000 result.

1 12 Ross Street Ferntree GullyThe Ross St home has an impressive single-level floorplan.

1 12 Ross Street Ferntree GullyThe polished interior at 1/12 Ross St, Ferntree Gully includes a slick kitchen, dining and family living zone.

The stylish single-level home had a reserve of $730,000 and a Camberwell buyer edged out the underbidder from Rowville for the keys on October 6.
The Knox area had a much stronger clearance rate for the week at 75 per cent from 16 auctions, including four properties passed in.
The improved performance was in contrast with the 47.6 per cent clearance from 21 auctions for the week ending September 23, and just 30 per cent from 10 auctions the week earlier.

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