A twilight auction on one of Melbourne’s warmest nights on record has redefined the idea of hot property, starting in 40C heat and ending almost $200,000 above reserve.
It wasn’t all smooth sailing — the auctioneer was so hot his shirt stuck to him and ripped as he got out of the car.
And a phone being used to film the auction overheated and shut down part way through.
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Despite the conditions, a crowd of 100 turned out to watch the acreage at 3 and 3A Cherry Hill Way, Chirnside Park, sell for $1.691 million.
There were seven bidders among them.
“When I got there at 6pm, it was 41C,” EYS auctioneer Brenton Ilicic said.
“And it was about 38C at the end of the auction.
“But it was a good atmosphere — there was an ice-cream truck there giving away ice creams. And we did the auction by the pool.”
A $1 million opening bid quickly escalated to the reserve at $1.5 million, with bids as high as $100,000 in between.
The home had a $1.45-$1.55 million asking price ahead of auction.
The bids dropped as low as $500 before a multi-generational family claimed the keys.
Ray White’s Ben Thomas said the family planned to renovate the property.
The property featured two homes, one with three bedrooms and a cottage with another two, as well as a pool with a bungalow.
The underbidder had planned to demolish the home and replace it, with the remaining bidders having similar intentions as the two parties still bidding at the end.
The result thrilled the vendor, and was good news for the local neighbourhood, Mr Thomas said.
“The vendors are over the moon, and I think having the auction before the long weekend paid off,” Mr Thomas said.
“Chirnside Park is pretty sought-after and there’s not many sales there.
“The house needed a lot of work, so it was pretty much land value.”