A renovated house in an up-and-coming neighbourhood proved an irresistible combination for buyers in Herne Hill on Saturday.
Six bidders contested the three-bedroom weatherboard at 36 Maurice St, which sold under the hammer for $723,000.
The result set a new price record for the street, according to CoreLogic data, eclipsing the previous top sale of $680,000 in October.
First-home buyers got the upper hand on the day, making a late charge to bring their 12-month search for a house to a close.
The new owner said he and his partner loved the modern renovation as they were not handy enough to do the work themselves.
A stylish kitchen is at the heart of an updated living zone that now flows out to a large outdoor entertainment area and landscaped backyard.
“We really love the street as well,” he said.
“A lot of the house are being done up.”
Buxton agent Jarrod Leonard took an opening bid of $650,000 at Saturday’s auction as four buyers put their hands up early.
But it was two late bidders, who entered the race at $710,000 and $716,000, that closed out the battle.
Mr Leonard said the house had been meticulously renovated and presented great value in a growth location.
“It’s a lovely family-oriented area,” he said.