A decision by two brothers renovate their late father’s Newtown house before testing the market has paid off handsomely at a hot auction.
The three-bedroom weatherboard house at 82 Noble St sold under the hammer for $1.165 million to a young Sydney family relocating to Victoria.
The sale price was $155,000 over the brother’s $990,000 reserve price set for Saturday’s
MORE READING: Newcomb buyers look to corner market
Buxton, Newtown selling agent Julia Warren said the brothers had thought long before ultimately deciding to renovate before listing the house, which had previously been upgraded in the 1990s.
Work was undertaken throughout the home, with the main results delivering new bathrooms, kitchen and laundry.
It delivered three bedrooms with built-in wardrobes from Ikea, an ensuite to the main bedroom and a central bathroom with a deep freestanding bath tub.
Two original fireplaces were retained, with one in a formal loungeroom that could be transformed to a fourth bedroom.
The property had a carport accessed from Noble St and a single garage and workshop off a rear lane.
The property is opposite Newtown’s Bareena Bowling Club and walking distance to Chilwell Primary School, The Geelong College and Pakington St shopping strip.
The main open-plan living area was put to the test, with a rain squall scuttling plans for an outdoor auction.
It provided ample space for the big crowd to witness the auction at close quarters.
Three bidders contested the property, making 62 separate bids before Buxton auctioneer Dylan Taggert dropped the contract.
The buyer said he was very happy to purchase the home.
“It’s a nice area and a nice house and lovely for a young family,” he said.