This standalone Glen Iris residence at 2 Charles St defied its $1.35m worth information to promote for $1.4m beneath the hammer, drawing 5 bidders together with the neighbour.
A tidy red-brick residence with no shared land and a low-maintenance backyard has turn out to be a hot-ticket merchandise in Glen Iris, exceeding its worth information with a $1.4m sale beneath the hammer.
The three-bedroom residence at 2 Charles St had been quoted a $1.25m-$1.35m worth information, however 5 bidders, together with a neighbour, helped push the end result $50,000 above the high quality.
Whereas the climate was icy, competitors was something however, with Buxton ACOM director and auctioneer Peter Gigis declaring it one of many cleanest and most assured winter auctions he’s dealt with in latest reminiscence.
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“The property was introduced available on the market at $1.25m and ended up promoting for $1.4m,” Mr Gigis mentioned.
“It was a strong end result, particularly for a single-level residence in Glen Iris, which continues to be in excessive demand.”
Mr Gigis mentioned the picture-perfect property on 301sq m charmed older consumers with its stand-alone structure, mature gardens and sun-soaked courtyard, all inside strolling distance of Burwood Village, mild rail and the upcoming Suburban Rail Loop station.
The well-kept kitchen opens to the eating space and options ample bench house, gasoline cooking and enormous home windows that herald pure mild.
The house is inside strolling distance of the long run Suburban Rail Loop station at Burwood, tipped to rework public transport entry and gasoline long-term capital development.
“Downsizers had been the dominant power right here. Not less than 4 of the strongest bidders had been older {couples} who’d simply bought within the space,” he mentioned.
“However in the long run, it was a younger couple who secured the keys, and the distributors, a brother and sister who’d inherited the house, had been thrilled.”
The neat interiors embrace a entrance lounge, open-plan kitchen and eating zone, and three robed bedrooms, together with one with direct lavatory entry.
Extras like ducted heating, evaporative cooling, ducted vacuum and a distant storage with second automobile house added to the turnkey attraction, whereas the wraparound courtyard supplied leafy privateness and an outside entertaining zone.
North-facing home windows flood the meals space with mild, whereas the wraparound courtyard past affords a non-public entertaining house.
Buxton ACOM director Peter Gigis mentioned the public sale end result mirrored surging winter demand and powerful competitors amongst native downsizers.
The Buxton ACOM director mentioned demand throughout Ashburton, Camberwell, Oakleigh and Mount Waverley had ramped up noticeably this winter.
“That is simply the strongest winter market we’ve seen since earlier than Covid,” Mr Gigis mentioned.
“Inventory’s nonetheless extremely tight, particularly in locations like Glen Iris and Ashburton, and consumers are performing quick when the precise residence comes up.”
Mr Gigis The actual fact 2 Charles St had no frequent land was a uncommon and extremely prized characteristic.
The entrance front room delivers a separate retreat house, preferrred for downsizers in search of consolation, privateness and straightforward single-level dwelling.
Buxton Oakleigh’s Emily Duvnjak with the distributors, siblings who inherited the house and had been “thrilled” with the above-reserve end result.
“Yow will discover models and villas in Glen Iris, however not many which can be stand-alone like this one. That made an enormous distinction,” he mentioned.
Mr Gigis expects a spring surge to comply with as soon as the July lull clears, with price reduction and low listings creating an ideal storm for sellers.
“We’re already seeing momentum construct for September,” he mentioned.
There’s undoubtedly extra confidence than there was final 12 months, consumers and sellers alike are preparing.”
The sale was managed by Mr Gigis alongside Buxton Oakleigh’s Emily Duvnjak.
A manicured backyard and basic brick facade gave the Glen Iris residence sturdy avenue attraction, a key think about attracting downsizers and native curiosity.
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