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A renovated Carlton North Victorian fetched its owner $1.7 million at auction, selling for its reserve price after receiving just one bid on Saturday.
The two-bedroom house at 679 Drummond Street had an atrium at the rear, an upstairs entertaining area with a wet bar and city views, and a modern style.
The home was close to the popular Rathdowne Village dining and lifestyle precinct.
“It was a beautifully presented home with an upstairs area that was likened to a backyard, but was very private with exceptional views towards the CBD and surrounding area,” Jellis Craig selling agent and auctioneer Trevor Gange said. “The integration of the outside area and upstairs internal area was perfect for entertaining. I think that was a big hero for the property.”
Gange listed the home for sale with a quoted price range of $1.6 million to $1.7 million.
The auction began on a vendor bid at the bottom of the range. Just one buyer bid for the home, offering $1.62 million before the home was passed in to them.
The reserve was the top of the range. Gange said a young professional couple bought the home. “It was a very good result for the property … given it’s a two-bedroom, two-bathroom home.”
It was one of 1133 auctions scheduled for Saturday in Melbourne.
In Newport, a two-bedroom house sold under the hammer to home buyers for $1.17 million.
The weatherboard home at 20 Tait Street was most recently an investment property, but had also been the vendors’ home, Williams Real Estate selling agent Katie Smith said.
“I sold it to these people 18 years ago at an auction, this is sort of full circle for me. Their family lived there half the time, and they rented it out half the time,” she said. “It was … neat and tidy, it had a really pretty facade, which was a big thing for these, and was in a great street.”
Smith listed the home for sale with a quoted price range of $1 million to $1.1 million. The reserve was set at the bottom of the range, she said.
“It just flew. It started off at $900,000, and I didn’t get a chance to say it was on the market. It was a quick auction.”
Smith said four buyers competed, and all were looking to live in the home.
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