240 Mumfords Rd, Hesket, home to the same family for 140 years, has been snapped up at a “lightning fast” auction for $1.605 million.
A HESKET farmlet home to the same family for 140 years has sold at a “lightning fast” auction.
Named Goldbank, the 35.61ha property at 240 Mumfords Rd was snapped up by a Moonee Ponds couple for $1.605 million, a whopping $355,000 above the reserve price.
About 50 people watched three bidders, including two local buyers, fight for the property.
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Keatings Real Estate’s Sandi Barry-Mueller said bidding opened at $1.1 million.
“The auction went lightning fast, and after 52 bids, it was over in nine minutes,” she said.
The “extraordinary” property in a tightly held hamlet features unspoilt views over rolling hills to Mt Crystal and Camels Hump.
“Lifestyle properties like this one are hard to come by and tick many boxes,” Ms Barry-Mueller said.
“And this one is extraordinary.”
The deceased estate of Isla Grieve, the late 1800s farmlet comes with an original three-bedroom timber cottage, a seasonal creek, dam and outbuildings.
An original shearing shed.
Ms Barry-Mueller said Mrs Grieve’s four children attended the auction with their families, including their grandchildren.
“They are a lovely family,” Ms Barry-Mueller said.
“While they are over the moon about the result, there is still a strong emotional attachment to the property.”
The Melbourne buyers who wanted a tree-change might use the cottage as a weekender and rebuild down the track, she added.
SUBURB PROFILE: HESKET