Real Estate

single bid seals the deal at northcote townhouse auction

Written by The ReReport

3/44-46 James St, Northcote, sold on a single bid of $850,000.

A single bid was enough to win a Northcote auction yesterday.
The two-bedroom townhouse at 3/44-46 James St had attracted three prospective bidders, but only one had the chance to make an offer.

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3/44-46 James St, NorthcoteThe facade at 3/44-46 James St, Northcote.

Jellis Craig’s Elijah Zonneveld said the $850,000 first bid for the home was exactly what it had been advertised at, and the seller wasn’t looking to muck around.
“There were three bidders, but only one big bid,” Mr Zonneveld said.
When no further offers were made, they ran the bid past his vendors and called it a day.
“We said we won’t play games in this market and so we are going to knock it down and sell it,” Mr Zonneveld said.
All three prospective buyers were young couples looking for their second home.
The two-bedroom property is spread over two levels and features Miele appliances, granite benchtops and an industrial vibe.

3/44-46 James St, NorthcoteThe granite benchtops and Miele appliances in the kitchen at 3/44-46 James St, Northcote.

The James St location a short walk to shops and eateries along High St, as well as Northcote High, had also proven an enticement for the buyers.
While Melbourne’s clearance rate had softened in recent weeks, reasonable results had continued in Northcote, he added.
“We have had some great results in recent weeks.” he said. “Some are selling well and truly above expectations.”

7 McDowall St, Mitcham7 McDowall St, Mitcham sold for $900,500 at auction.

In the east, a classic brick house in Mitcham topped $900,000 under the hammer.
Three bidders held a steady contest for the three-bedroom house on 536sq m at 7 McDowall St, Jellis Craig Blackburn director Stephen Le Get said.
After an $800,000 start, bidding rose in $5000 and $10,000 increments. It was on the market at $885,000, and the hammer fell at $900,500.
Mr Le Get said while it hadn’t been a runaway result, the competition had been good considering the softer market. “There are still homes out there passing in without a bidder.”
“If it’s perceived to be good value and the price positioning is right, it will make a good sale.”
A local family won the keys.

—With Hannah Scholte

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