Banner Top

The Aylmer family (from left) Rachel (with Connor), Candy, Philip, Belinda and Gabby, with Hugh, after the auction in Minerva Rd.

A RENOVATED house in Manifold Heights has sold for more than $100,000 over reserve amid a marathon 109-bid auction.
Two bidders contested the three-bedroom house on a 873sq m Minerva Rd block in a drawn-out affair that lasted 25 minutes on Saturday and had Buxton auctioneer Tom Butters calling for an Allens Soother as his voice began to crack.


Historic Ceres church up for grabs as buyers baulk at auction

Geelong sizzles in spring with $613m worth of property listed in October

Geelong’s star role as couple chases dream home in new reality TV show

The property sold under the hammer for $903,000.
Bidding opened at $750,000 but after a series of $5000 bids, both buyers dropped to $1000 increments, taking the price from $790,000 until it sold.
The reserve price was $800,000.
It’s another stand-out price for the street, which borders Manifold Heights and Herne Hill, bettered only by the neighbouring property — an extended and renovated california bungalow, which sold for $1.6 million ($450,000 above the reserve price) last November.

56 Minerva Rd, Manifold Heights, sold for $903,000 on Saturday.

56 Minerva Rd, Manifold Heights, sold for $903,000 on Saturday.

The biggest sale on the Herne Hill side of the street was $661,000 for a three-bedroom house in October.
The buyers intend to relocate from their existing home around the corner.
“We only live about seven houses away, but this is much bigger,” buyer Belinda Aylmer said.
“It’s the block size and rear lane access (we were looking for) and my daughter lives just around the corner in Manifold Heights as well, so it’s good for the grandchildren,” she said.
Mr Butters said the result was unexpected but proved what can happen when two buyers really want a property.

56 Minerva Rd, Manifold Heights, sold for $903,000 on Saturday.

56 Minerva Rd, Manifold Heights, sold for $903,000 on Saturday.

“We mainly had tradies looking at it for the rear lane access and putting up a shed in the backyard,” Mr Butters said,
“It had a good land component,” he said.
The brick veneer house was fully renovated with a stylish interior featuring an open-plan kitchen, dining and living area and walk-in wardrobe and ensuite to the main bedroom.
Mr Butters said the neighbourhood was becoming increasingly popular with several schools, including Clonard College and Holy Spirit, Manifold Heights and Herne Hill primary schools, and a shopping strip nearby.
House prices have increased 44 per cent Manifold Heights in the past three years to $685,000, while in Herne Hill, the median price has jumped more than 50 per cent to $539,500.

56 Minerva Rd, Manifold Heights, sold for $903,000 on Saturday.

56 Minerva Rd, Manifold Heights, sold for $903,000 on Saturday.

“If you draw a circle around that area, it’s hugely popular,” Mr Butters said.
“It’s the convenience — there are cafes, shops and schools and a good community.”
He said Herne Hill especially was benefiting from gentrification as workers homes from the cement works were sold and upgraded.
“Traditionally it was the workers area for the cement works,” he said.
“That’s shut. Now people say you can buy for $550,000 to $600,000 and you’re on the cusp of everything. They’re saying we can afford it.”

Source link

About Us

The ReReport aims to continuously bring you exclusive content as well as stories from your favorite news sources for all things property.


Our mission is to create dialogue through important topics and current affairs that not only keep people informed, but also inspire them to engage, learn and usher in a better tomorrow.

Contact us

Get Latest Updates