Real Estate

local church gifted proceeds from hot auction of rundownae rosebud house

Written by The ReReport

20 Sixth Ave, Rosebud attracted five bidders at auction.

A LATE homeowner has made the ultimate offering to his local church, donating the proceeds of his Rosebud house sale.
Ray White Rosebud principal Craig Bennie said the man, who’d split his time between the Mornington Peninsula suburb and Byron Bay, noted the donation in his will.
He said All Saints Anglican Church — just down the road from 20 Sixth Ave on the Point Nepean Rd corner — would receive $530,000 after the three-bedroom eclipsed its reserve by $45,000 under the hammer.

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20 Sixth Ave, Rosebud is “quite rundown”, according to its selling agent.

Five bidders competed for tired brick house, with Narre Warren-based buyers emerging victorious.
They outlasted a first-home buyer and a bunch of holiday househunters, and plan to renovate and rent out the abode.
“It was quite rundown. There was a bit of a jungle in the backyard,” the agent said.
“But it’s in a good location close to the beach and the shops.”

The home’s handy location near the beach, shops — and the church the sale proceeds will go to — was a big drawcard.

He said the auction started slowly before some “spirited bidding” kicked in.
The Rosebud market had been “a bit of a mixed bag” so far in the spring selling season, Mr Bennie said: “Homes in prime locations close to the beach, and below the median are still doing well.”
The suburb’s median sale price for houses was $610,000 for the year to July 31, according to CoreLogic.

The buyer will renovate the interior and rent out the home.

The Mornington Peninsula region notched Melbourne’s lowest auction clearance rate of 31.5 per cent last week, from 54 reported auctions.
CoreLogic data shows this was well below the citywide figure of 48.6 per cent from 1709 results. Just 234 auctions were scheduled in Melbourne this week, as the unofficial Melbourne Cup ‘long weekend’ slowed the market.

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