The buyer, who was bidding from Sydney via video call, outbid two young couples and has plans to rent out the renovated two-bedder.
A downsizer couple bought a house in Brunswick West for $1.29 million.An investor from Sydney outbid two couples to purchase an architect-designed home in Abbotsford for $1,575,000 at auction on Saturday., with Jellis Craig auctioneer Lee Muddle placing a vendor bid of $1.4 million to get the ball rolling.
When the auction resumed, the first bidder dropped out of the race and another two parties traded bids of $10,000 and $5000 before it was sold under the hammer to the ultimate buyer. Muddle said the vendors, who are looking to upsize, renovated and extended the stylish two-bedder with the help of Melbourne-based Tom Eckersley Architects.It was one of 602 properties scheduled to go under the hammer in Melbourne on Saturday.
The ultimate buyers immediately kicked off the auction with an opening bid of $1.15 million before a young family quickly put forward a $10,000 raise.
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