Richmond buyer lands terrace for $1,005,000 with a single bid

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Richmond buyer lands terrace for $1,005,000 with a single bid
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The successful buyer bided their time until the last moment, and knocked out the rest of their competition with a single $5000 bid.

A three-bedroom house in Moorabbin sold for $1.07 million.A polychrome brick terrace has sold for $1,005,000 at auction on Saturday, after the winning bidder swooped in at the last moment to place their only bid.had been held by one family for about 30 years and had been lightly updated for the sale with a fresh coat of paint and carpets.

“The floor plan was well-organised, and had a central bathroom,” Hobbs said. “It had a rear lane that you could put car access in. It’s in a nice consistent row of terraces.” After the price stalled at $995,000 and the home was announced as on the market, the winning bidder swooped.“ then another bid at $1 million, and then a fresh buyer jumped in for $1.05 million and bought it with the one bid,” Hobbs said.It was one of 1293 auctions scheduled for Saturday.

Two bidders traded bids until the price reached $1.01 million, when Chokshi took a break to talk with the vendors and bidders.

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