Real Estate

former melbourne football club house sold after auction

Written by The ReReport

An Armadale house once owned by the Melbourne Football Club has sold.

MELBOURNE Football Club’s former rookie house was handballed to a new owner shortly after passing in during a busy auction weekend in Armadale.
The Edwardian home at 908 Malvern Rd sold for an undisclosed sum within its price range of $3.5-$3.75 million after it failed to notch a win under the hammer.
Three bidders placed more than 20 bids during the auction, but the property still failed to kick its reserve price goals.

RELATED: Former Melbourne Football Club home to rookie players listed

Hawthorn’s James Sicily scores Armadale home at auction

Armadale Victorian mansion facing wrecking ball

908 Malvern Rd, ArmadaleThree bidders vied for the four-bedroom house.

Marshall White’s John Manton said it only took 20 minutes to make the sale behind closed doors.
“It sold to a young family who are already living in the area and were upgrading,” he said.
He said there was competitive bidding on the property, which was once used to house country and interstate rookies for the Demons.

908 Malvern Rd, ArmadaleThe property sold within its $3.5-$3.75 million price guide.

908 Malvern Rd, ArmadaleThe Melbourne Football Club used it to house rookies until 1978.

CoreLogic records show the four-bedroom home was sold by the football club for $64,000 in 1978 — a far cry from what it is now worth.
Saturday’s vendors have made a windfall from the sale, booting it well beyond the $750,000 they paid in 1999.
Stonnington had some of the most expensive sales in Melbourne over a challenging auction weekend — four of the five most expensive auction results were from the area.

526 Orrong Rd in Armadale sold for $3.604 million on the weekend.

Another Armadale property at 526 Orrong Rd sold within its price guide for a whopping $3.604 million.
Mr Manton said the suburb was difficult to break into, so buyers were still taking their chances whenever possible.
“Armadale is so tightly held that when a property like this comes up it’s fiercely competed for,” he said.
Melbourne’s most expensive sale was also recorded in Stonnington last week — 9-11 Ashley Grove in Malvern sold for $7.1 million in a private sale.


READ MORE: The Block 2018: How the Gatwick defied a cooling market

Brighton mansion sells seven figures over reserve despite challenging conditions

Kew upsizers cash in on unique market conditions in five-bidder contest

Source link