Real Estate

melbourneaes first day of summer auctions set for spring racing flair

Written by The ReReport

The 51 Cole St, Williamstown, home of former Melbourne Cup race caller Greg Miles goes under the hammer at 2pm Saturday.

Plans to sell retired Melbourne Cup race caller Greg Miles’ Williamstown home are on track.
Multiple runners are expected to make the jump for the five-bedroom Edwardian house at 51 Cole St, which is priced at $2.3-$2.5 million.

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It will be one of several group one auctions among the almost 1300 slated for Melbourne for the first day of summer auction action, according to CoreLogic figures.

Greg MilesGreg Miles pictured with Might and Power just prior to retiring. Picture: Eugene Hyland

Sweeney estate agents’ Wayne Sweeney will be making the call and said it’s looking like a tight race with scope that more realistic prices in the area could lead to more positive results in the west.
“It’s going extremely well,” Mr Sweeney said.

The home’s location a short walk from schools, shops, green spaces and the bay was appealing to many of those looking — and potentially hinting at a crowd to come for the 2pm auction this Saturday.

The house comes with a range period features inside.

The five-bedroom house with a study is a rarity in the market today.
He added that with many agents having adjusted their valuations and vendors in the area having now adjusted price expectations, he was confident that auction conditions could improve locally before the year was out.

Though quality homes like 51 Cole St tend to attract attention in any market.

“We seem to have been through that period, and the new listings are being priced correctly,” Mr Sweeney said.
Meanwhile architect Ellie Taylor’s two-year-old transformation of her 19 Charles St, Abbotsford, home has also been turning heads.

19 Charles St, AbbotsfordThe rear of 19 Charles St, Abbotsford, which has been overhauled by architect and owner Ellie Taylor.

19 Charles St, AbbotsfordThe homes understated facade gives little away of what lies within.

Jellis Craig’s Charles Atkins said the understated facade gave little away of the soaring voids, spiral staircase and unique gardens that feature throughout the home.
“It’s quite unassuming from the street, but it certainly opens up to a bit of a master piece at the back,” Mr Atkins said.
“And it’s got an amazing upper floor that’s got an extremely creative roof top garden.”

19 Charles St, AbbotsfordThe easy-care view is also quite unique.

And, in keeping with the home’s low-maintenance design, that garden is designed to take care of itself — providing a unique outlook for the main bedroom, with city glimpses in the backdrop, but no need to crawl out on the roof.

“From top to bottom, it’s one of the better renovations I have been to,” he said.
“Buyers have warmed to the quality of the renovation, the functionality is a big plus as well. And the level of storage in the home has been a big tick.”

19 Charles St, AbbotsfordDoors and panels open to reveal many of the homes hidden alcoves.

He’s also confident of some bidding at the 11am auction.
CoreLogic Australian head of real estate Geoff White said while last weekends 41.4 per cent revised clearance rate appeared soft — there was scope for it to hold steady despite a rise in the number of auctions this weekend compared to about 1100 a week ago.
“There are some good listings that are being offered between now and Christmas, and that could keep clearances at the same level,” Mr White said.
“It just comes down to what’s being offered.”

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