The home, known as Hallow’s House, sold for $1.2 million more than the vendor’s reserve price. The sellers were pleased the home was sold to an admirer of Bell’s.
A former colleague of renowned architect Guilford Bell splashed $6.4 million on his 1975 Toorak masterpiece on Saturday, paying more than $1 million over the reserve.
Known as Hallow’s House, the Toorak home sits on an 843 square metre block and boasts clean lines, a red brick facade, timber-lined ceilings, a gas fireplace and a north-facing courtyard. It was advertised with a quoted price range of $4.8 million to $5.2 million and the reserve was set at the top of the range.Three bidders and a crowd of onlookers attended the auction. Bidding started at $5 million, and a flurry of $50,000 bids followed until the home was called on the market.
Ray White Chief Economist Nerida Conisbee said the market remained flat but stable across the capital. Listings were 10 per cent lower than this time last year but 10 per cent higher than 2022.“Listings are well up for spring and … we’re now at record levels in Victoria with a lot of homes coming to the market. And when we look at pre-approvals for loans that’s also high … so demand is better than we expected,” said Conisbee.
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