Real Estate

melbourneaes inner north polls positive auction results on election weekend

Written by The ReReport

A “colourful” home at 25 Symons St in Preston sold under the hammer.

Melbourne’s inner-north hosted a flurry of auctions on state election weekend, with some standout results polled across the popular pocket.
Preston and Northcote were the two busiest suburbs in Australia for auctions last weekend, with 35 properties between them tested under the hammer, according to CoreLogic.
A “quirky” family home at 25 Symons St in Preston notched a stellar sale, changing hands for $1.2 million.

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The renovated home sold for $1.2 million.

It had been styled by the vendor, who worked in fashion.

Ray White Preston agent Ian Dempsey said the property sold $80,000 above reserve after three bidders contested its auction.
“I calculated 27 bids on the day, and it ended up selling to a really nice young couple moving to Preston from the inner city,” Mr Dempsey said.
He said the four-bedroom house was styled by the vendor, who worked in fashion.
“It had a really quirky style, with lots of plants inside and lots of colour,” he said.
“It was a beautiful property and it led to some competitive bidding between two very strong parties in particular.”

A lot of colour and indoor plants were used to decorate the home.

It sold $80,000 above reserve.

Closer to the city, an owner-occupier and investor entered a bidding war for a two-bedroom apartment in Clifton Hill.
The low-maintenance property at 1/5 Berry St sold $46,000 above reserve for $666,000.
McGrath Northcote’s Anthony De Iesi said about 30 bids were made during a fast-paced auction.

The apartment is in a boutique block of six.

It sold $46,000 above reserve.

“I went inside to check with the vendors at $620,000. But when I came outside to announce it on the market, it was already at $630,000,” Mr De Iesi said.
The property’s location was a major drawcard for buyers.
“It’s close to public transport and a few shops, but it’s also one of only six in the complex,” he said.
Northcote recorded one of the city’s top Saturday sales, with 42 Vauxhall Rd fetching $2.055 million.

42 Vauxhall Rd, Northcote recorded one of the city’s most expensive results.

The California bungalow had a renovated interior.

It sold for $2.055 million.

A sale above its $1.9-$2.05 million pre-auction price guide was recorded for the California bungalow with a modernised interior.
The renovation proved a major windfall for the vendors, who bought the property for $200,000 in 1995, according to CoreLogic.

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