Real Estate

Handsome house finds buyer in ‘patchy’ Fitzroy market

Handsome house finds buyer in ‘patchy’ Fitzroy market
Written by The ReReport
As seen in the Source link, written by on 2019-03-10 11:52:32

4 James St, Fitzroy sold after passing in at $1.35 million.

The “patchy” Fitzroy market has churned out a post-auction sale for an 1880s terrace with an A-plus location and rare late-Georgian facade.

The double-storey, three-bedroom looker at 4 James St attracted a genuine $1.25 million bid before passing in on a $1.35 million vendor bid as about 35 people watched on Saturday.

It sold soon after for an undisclosed price, understood to have fallen in the middle of the $1.35-$1.45 million quoted range.

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Auction: Fiztroy beauty

Nelson Alexander’s Luke Chisholm auctions 4 James St. Picture: Nicki Connolly

Auction: Fiztroy beauty

About 35 people watched the auction. Picture: Nicki Connolly

Nelson Alexander Fitzroy auctioneer Luke Chisholm said the sole bidder — a young local family — won the keys.

They’d been drawn to the pad’s position just off Brunswick St and close to the CBD, Gertrude St and Carlton Gardens, as well as its three decent-sized bedrooms and period flourishes, including open-fireplaces, high decorative ceilings and a handsome facade “not typical of Fitzroy”.

A north-facing courtyard with rear access completed the package.

The charming interior.

The kitchen and dining room flows out to a courtyard.

Mr Chisholm said the property had been renovated by a previous owner, not leaving much for the vendors — one of whom was an architect — to do expect update the bathroom and enjoy the home.

It had last sold for $546,500 in 2006, according to CoreLogic records.

The inner-city suburb’s market had been “patchy” of late, Mr Chisholm said: “Some of the results have been as strong as at the peak of the market. It’s hard to pick.”

A triple-storey townhouse at 114 Kay St in neighbouring Carlton soared $235,000 past reserve to fetch $1.31 million in a “market-defying” sale about a month ago.

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Three bedrooms were part of the package.