One of Oakleigh’s oldest homes has sold for $1.305 million, after a contemporary renovation transformed the once derelict property.
Bidding from two groups saw 26 Tamar Grove pass in at $1.282 million, nearly $100,000 above the top of the quoted range.
The sale was negotiated just minutes later as the highest bidder, a young couple with a baby on the way, paid a premium to ensure a quicker settlement. They now have plans to take ownership of the home the day before their baby’s due date.
Vendors Nikola and Andrew Coffey, who run On Trend Property Styling, said they spoke to the happy buyers after the negotiations. “We met them and just had a chat about how great the property is,” Ms Coffey said.
She said although it was their fourth property sold at auction, their were still nerves.
“We’re glad to be selling at this time of year and not a year ago,” Ms Coffey said.
Initially built by the pair as their long-term family home, a pleasant surprise brought about a quick change of plan that forced them to sell up.
“We planned to have two children and got the three-bed house perfectly finished as our dream house, and then found out we’re having a third,” Ms Coffey said.
Now in need of an extra bedroom, the pair plan to do a similar renovation in Bayside.
“The kids actually do love this house and they especially love the backyard,” Ms Coffey said. “They just never want to go to bed at night and want to spend all night running around on the trampoline.”
Monochrome colours throughout the house made it unrecognisable to Julien Brokas, who lived there as a child. He came to see the home, where he had memories of an outhouse with slugs and spiders on the walls, plus a concrete kitchen full of fish and stingrays from his dad’s fishing expeditions.
Greg Hocking Poulios Cheltenham agent Danielle Scanlon said the “really good result” was evidence that buyers remained highly active as the end of the year approaches.