With much of Melbourne’s attention focused on Derby day yesterday, auction activity was somewhat subdued. But among the 160 properties up for grabs, some good sales were still made – particularly for period property.
In Carlton North, a three-bedroom Edwardian at 928 Drummond Street sold under the hammer for $1,064,000. Put on the market by Nelson Alexander at $990,000, it had attracted interest from three bidders.
Four parties competed for an entry-level two-bedroom Victorian property at 1 Richardson Street in Albert Park, quoted by Maher & Co at $700,000-plus, which eventually sold for $775,000.
The lower number of auctions proved to be a trump card for some vendors. Woodards attracted a crowd of about 55 to its auction at 110 Mackie Road in Bentleigh East of a two-bedroom 1950s property. Quoted at $480,000-$520,000, it sold for $570,000 – well above the reserve of $510,000.
In Mitcham, a three-bedroom unit at 2/51 Deep Creek Road, quoted by First National Real Estate Lindellas at above $500,000, sold under the hammer for $580,000 after competition among three bidders.
There were also some post-auction sales. In Northcote, an Edwardian family home at 6 Membrey Street, quoted by Jellis Craig at $1,250,000-$1,350,000, was passed in on a vendor bid of $1.25 million before selling for an undisclosed price after interest from three parties.
A three-bedroom property at 19 Empress Avenue in Kingsville – pitched at first home buyers – sold for $485,000 after it was passed in on a genuine bid of $460,000. Barry Plant had quoted $460,000-$490,000.
Another property that did not see an immediate result was 80 Clarinda Road in Moonee Ponds. While the auction of the renovated four-bedroom home drew a sizeable crowd, the property, quoted by Nelson Alexander at $1.37 million$1.47 million, was passed in on a vendor bid of $1.38 million.
CALL AUCTION ACTION with your auction results, tips and comments on 8667 2647 between 1pm and 5pm on Saturday.
This story Administrator ready to work first appeared on Nanjing Night Net.