The house at 54 Main Ave, Wilston, sold under the hammer for $815,000.
AN inner-city residence known as ‘Hubcap House’ changed hands for the first time in more than 70 years at an auction yesterday.
Known for its quirky look, with a collection of hubcaps hung over the fence, the house at 54 Main Ave, Wilston gained attention from locals.
More than 30 spectators and eight registered bidders gathered at the address at 9am, and 98-year-old seller Frank McKenna took a front-row seat to watch the action unfold.
The kitchen at 54 Main Ave, Wilston.
McGrath Estate Agents Wilston agent Craig Lea said the auction was competitive and had an opening bid of $700,000 for the two bedroom cottage, which was on a 486sq m block.
“The auction was a so fast, and was over in about five minutes,” Mr Lea said.
The house sold under the hammer for $815,000.
Mr Lea said Mr McKenna bought the property after the war in the 1940s, when he was working as a Commissioner of Declarations (Justice of the Peace).
“He bought the house for 750 quid ($1349.70AUD), and he often joked, ‘My rates are more now than what I paid for it,’” Mr Lea said.
There are character features, from VJ walls to decorative fretwork.
The agent said Mr McKenna was moving in with his family, and was pleased with the result of the auction.
“He’s pretty stoked,” Mr Lea said.
“He said he doesn’t need the money but wanted to get a great price for the family because it has such sentimental value.
“He raised his family there … and he even signed the contract (at the auction).”
Mr Lea said the property was purchased by a local family who would undertake a “light renovation”.