The house, originally painted its bright blue colour in the 1980s, will be torn down by the new owners who plan to rebuild on the block. auctions heagney_melissa
sold for $1.51 million – above the $1.36 million to $1.46 million guide – after five bidders competed.Abercromby’s Real Estate agent and auctioneer Simon Curtain said the vendors, who had owned the home for about 27 years, were looking to downsize to a single-level home.
The buyers, a local family, were taking advantage of lower prices to upgrade their current home, like many other buyers, Filippone said. Biggin & Scott Maribyrnong director Mark Basilone said properties were selling as long as vendors understood the market was changing, and they would not get the same prices as earlier in the year.
Kay & Burton Hawthorn director Scott Patterson said the home, built in 1979, and remained in original condition, was the type of property that rarely sold.
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