Why this renovated Rowville residence fetched $1.2m

The Rowville household residence that bought for $1.2005m, greater than $100k above the highest of its worth information.

A Rowville household who spent almost a decade shaping their dream residence have bought it for $1.2005m, greater than $100,000 above the highest of its worth information.

Distributors Mary and Nick Nikos’s renovated three-bedroom residence had $1m-$1.1m worth hopes, however robust curiosity all through the marketing campaign translated into fierce competitors on public sale day.

Buxton Oakleigh auctioneer and director Peter Gigis mentioned 4 bidders fought it out after the house was declared available on the market at $1.1m, with provides climbing in $10,000 and $4000 increments earlier than narrowing to closing $500 bids.

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CoreLogic data present the couple bought 2 Moama Place for $630,000 in 2015, and overhauled it with a give attention to household performance and heat, timeless design.

Their favorite addition?

The open-plan kitchen, which Mary described because the “coronary heart of the house” , an area that after held greater than 40 folks throughout household occasions.

The unique kitchen earlier than renovation, now reworked right into a heat, open-plan entertainer’s hub described because the “coronary heart of the house.”

The renovated open-plan kitchen that after hosted 40 friends and helped seal the $1.2m sale, that includes Bosch home equipment and oak flooring.

“We’ve had infants take their first steps right here, we’ve hosted large gatherings, it’s filled with recollections,” she mentioned.

“It’s bittersweet, however with child quantity 4 on the way in which, it’s time to begin the subsequent chapter.”

The house backs straight on to Waterford Valley Golf Course and options strong American Oak flooring, Bosch home equipment, underfloor toilet heating, photo voltaic panels, and a 48sq m shed with a kitchenette and bathroom, superb for the right mancave, trades or home-based business use.

The yard earlier than landscaping and upgrades, now changed with a manicured family-friendly area backing onto Waterford Valley Golf Course.

The upgraded exterior with shed, photo voltaic panels and direct golf course entry a life-style combo that drew fierce public sale curiosity for the Melbourne southeast residence.

PropTrack knowledge exhibits Rowville’s median home worth has climbed 5.2 per cent previously yr to $970,000, with household properties in quiet courts persevering with to draw robust purchaser demand.

Mr Gigis mentioned Rowville’s steadiness of inexperienced area, colleges and family-friendly infrastructure was persevering with to gas confidence amongst upsizers and long-term owner-occupiers.

The trendy toilet consists of underfloor heating, simply considered one of many high-end touches that appealed to owner-occupiers.

The 48sq m shed with kitchenette and bathroom, superb for a person cave, trades, or home-based business use, including severe purchaser attraction.

“This wasn’t an investor property,” Mr Gigis mentioned.

“It was a real household residence in a cul-de-sac with golf course views.

These types of properties are getting more durable to seek out and patrons comprehend it.”

The lounge space pre-renovation, now a contemporary, light-filled household area with a hearth and oak flooring.

The revamped front room with fire, good for household gatherings a part of a renovation centered on heat and performance.

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david.bonaddio@information.com.au