A RESERVOIR first-home buyer couple have put an end to more than a year of house hunting in a heated auction contest.
And they’ve dubbed the three-bedroom house at 3 Louis St an early Christmas present for themselves.
They weren’t the only ones looking to mix Christmas shopping and househunting.
Four bidders pursued the home from a $500,000 opening offer to a sale at $620,000 — right on the reserve.
Love Real Estate’s Shane Yaman said the house had attracted several first-home buyers and competitive bidding.
“We had good bidding, and we haven’t seen that for a while,” Mr Yaman said.
More than 90 groups inspected the property.
Monica Penson sold it after about nine years living there.
“For me, I had to sell today and I’m so happy it sold,” Ms Penson said.
“That was the price I expected. Though two years ago, it might have been a better result.”
She was particularly looking forward to the slower market meaning she could take a break over summer before trying to find her next home.
“I need a break from real estate for now,” she said.
“It will be nice to look in the same market I have sold in.”
An update during her time that included decking and a spa outside had made it a better fit for the growing number of young families now looking to the suburb for a home.
“It better reflects where Reservoir is heading,” Ms Penson said.
John Allam and his partner were the first to bid, and were left holding the keys at the end of the auction.
“We have been looking for more than a year, and we are very happy now,” Mr Allam said.
“This is my biggest Christmas present ever.”
The pair had missed out on another home on Friday.
While they wouldn’t be able to move in by Christmas this year, they had already picked out a space for a tree to stand next year and had plans for a roaring fire, “European style”, next year.