Award-winning South Yarra house fetches $1.76 million at auction

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Award-winning South Yarra house fetches $1.76 million at auction
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Five buyers competed for the architecturally designed two-bedroom home, pushing the bidding $260,000 above the reserve price.

A first home buyer paid $1.6 million for a Carlton North home owned by former Essendon footballer Devon Smith.About 700 Melbourne homes were scheduled for auction on Saturday.A two-bedroom “irreplaceable” South Yarra home owned by a Melbourne artist has fetched a reserve-smashing $1.76 million at auction after five buyers threw down a flurry of fast and furious bids on Saturday.attracted a crowd of 80. Bidding kicked off at $1.

Sciola said the level of buyer interest in the home, which had a price guide of $1.4 million to $1.5 million, was some of the strongest he had seen in years.Jellis Craig auctioneer David Sciola auctioning 32a Cromwell Road, South Yarra. It sold for $1.76 million.“And that’s because the home is such a great design. It’s on this inner-urban block with four individual townhouses that have no common walls, so it’s almost freestanding.

Smith, who retired from the AFL after a solid career that saw him claim the Crichton Medal for best and fairest in 2018, bought the investment property atCharlie Barham, of Nelson Alexander Carlton, said bidding started strong at $1.45 million, topping the $1.4 million reserve and $1.3 million to $1.4 million price guide.

Selling agent Matthew George, of Ray White Ferntree Gully, said Csiszar had owned the tidy family home atThe property was listed with a price guide of $1.15 million to $1.25 million. Bidding started at $1.1 million and climbed in $25,000 increments to start, and competition from four buyers pushed the price past the $1.25 million reserve. The home sold to a buyer who already had family living next door.

“It was that liveability and the fact that you could move into the home straight away that led to such a great result,” said selling agent John Limperis of Williams Real Estate.In Seddon, an Edwardian home atSelling agent Huss Saad, of Village Real Estate Seddon, said just one bidder raised their hand at the auction, but the property ultimately sold to the local upsizing family for the reserve price. The home had been guided at $1.95 million to $2.1 million.

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