A Bentleigh East family were left in shock yesterday after their retro four-bedroom house sold $235,000 above reserve.
On one of the hottest days of the year a crowd of 100 didn’t have long to sweat a result, with rapid bidding from six homebuyer hopefuls pushing the house at 45 Mawby Rd to a $1.315 million.
The 11.30am auction opened with a $990,000 offer, and flew past its $1.08 million reserve with a mix of young couples and families hiding in the tree-lined street’s shady patches.
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Buxton Bentleigh auctioneer Chris Hassall said the bidding was so fast he only got a chance to call it on the market at $1.13 million.
Peter and Carla Collins were thrilled with the unexpected result.
“We didn’t even know if we would sell, the market is really confusing,” Mrs Collins said.
They’ll now have to assess their options with the high result providing a lift to their ambitions to head to Melbourne’s leafy east and closer to their children’s school.
“We hadn’t made any decisions past today because we just didn’t know how it was going to go,” Mr Collins said.
A young family from the Bayside area won the keys.
The home’s retro-style, including slate tiling, exposed brickwork and an angular ceiling with a wood-burning heater were part of what appealed to the buyer.
Tall surrounding bamboo and trees provide privacy at the home, despite a convenient location close to shops and schools.
Mr Hassall said they had been confident prior to the auction, but it was difficult to be certain people would bid at the moment.
The result, coupled with a crowd of more than 100 onlookers, had reinforced strong sales earlier in the year.
“I’m sensing that the market has levelled out,” Mr Hassall said.
“And some of the results we have had have shown there’s even a spark for the right properties.”
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Yesterday’s result added to his confidence for 2019.