Cheltenham’s first auction in 2019 ended with a healthy result at 13 Shipston Rd after initially passing in at auction yesterday.
A young family buying their first home drove a hard bargain in post-auction negotiations and collected the keys to the three-bedroom abode for $1.08 million.
The sale gives flight paramedic Matthew Shepherd, who is part of the medical crew on Channel 9’s reality show Paramedics, and his nurse wife Michelle, a chance to upsize.
Despite more than 100 onlookers, there were only three bids placed between two parties before the property passed in for $1.04 million.
The young family then spent more than half an hour behind closed doors with the medical professionals before securing the final price.
O’Brien Real Estate director Trevor Bowen said the buyers were moving from the inner city.
“They negotiated hard and didn’t budge much on what they were prepared to pay,” Mr Bowen said.
“But it’s a sign that vendors are willing to accept the changing market, and I think we’ll get some solid results in the year to come.”
Ms Shepherd said it was also the first house bought by the couple in 2001, but it was now time to move into a more spacious setting with their growing children Lachlan, 15, Sienna, 13 and Charlotte, 11.
“All three kids are getting older and just needing their own space,” Ms Shepherd said.
“They are all very excited about it.”
The couple made a hefty return on the house, which they bought for $269,500, according to CoreLogic records.
Mr Bowen said the property was located in the most sought-after part of Cheltenham, which he coined the Golden Triangle.
“There are 23 schools in the area, parks and public transport, which explains why it does so well,” he said.
“We’ve already had five sales in Cheltenham this year.”
SUBURB PROFILE: Cheltenham
READ MORE: Auction action back in popular inner suburbs