Carlton North: Victorian pad scores $310k bonus at auction

The Victorian home is completely renovated.

---

Another Carlton North Victorian at 32 Fenwick St also sold under the hammer.

---

“(The buyers) valued that location and the accommodation over one level,” Mr West said.

“Most homes of that size are over two levels.”

A $1.9m bid kicked off the auction before offers rose in $10,000 increments until quickly reaching the $2m reserve.

The 188sq m property eventually sold under the hammer for $2.31m, earning its vendors a huge $310,000 premium.

Another Victorian home in Carlton North also sold at its Saturday auction, which started strong with a $970,000 opening bid.

Three buyers competed for the 32 Fenwick St property, which was called on the market at $1m before selling for $1.261m.

Nelson Alexander Carlton North agent James Pilliner said that the vendor purchased the home more than 25 years ago, where she and her daughter both lived before it was rented out for the past ten years.

86 Applewood Drive, Knoxfield, sold nearly $100,000 above its vendor’s reserve.

---

Over in Knoxfield, a three-bedroom house soared $96,000 above reserve, selling for $1.001m at its Saturday auction.

The home at 86 Applewood Drive attracted five bidders who competed for it in a lengthy 40-minute auction, before a local family won the keys.

Ray White Ferntree Gully director Ben Thomas said he was thrilled to achieve a nearly $100,000 premium for his vendor, an investor based in Sydney.

“We are sensing that confidence is up in Melbourne (and) renovated stock that is ready to move into is performing very well,” Mr Thomas said.

“Pricing homes correctly and providing accurate quote ranges is important, which we do in conjunction with our sellers.”

78 Yarra St, Abbotsford, sold after passing it at auction.

---

It comes with a stylish loft bedroom.

---

A stylish, three-bedroom Abbotsford home also sold for $1.37m after passing in on a $1.367m offer — just short of the $1.38m reserve.

Jellis Craig Fitzroy partner and auctioneer Lee Muddle had the 78 Yarra St listing, who said that the purchasers were a young couple expecting a baby.

PropTrack recorded an early clearance rate of 55.1 per cent from 847 reported results last week, with a further 1028 auctions expected this week.