There were three buyers who registered to bid on the home,including local downsizers,but it passed in at $3.29 million before eventually selling.
‘I just love the property. I’m very,very happy to be in this neighbourhood,’ said the new owner,who bid in front of a 100-strong crowd.
The vendor owned three houses in the Charming Street neighbourhood,and sold number 22 for a loss after listing it with a published $1 reserve price.
When Essendon director Andrew Muir sold his Toorak house for $28m+ he bought a Flinders spread and a Carlton terrace. Now he’s offloaded the pied-à-terre.
“It’s a very,very special home,” the agent said. “People who weren’t actually considering buying in the inner west,were actually considering this house.”
The three-bedroom family home attracted 12 parties at auction,where the agent joked the burger joint down the road was worth an extra bid.
The four-bedroom house had a quoted price range of $2.4 million to $2.5 million,and passed in at $2.6 million.
Both the buyer and the underbidder expected the two-bedroom house in a sought-after location to sell for even more.
The vendors of 4 Elledale Street were “extremely surprised” by the sale price,listing agent Helen Yan said. It was one of 1516 auctions on Saturday.
Five bidders competed for the two-bedroom apartment on Melbourne’s biggest auction weekend of the year so far.
The new owners could create a contemporary home that retains the history of stables that have been on the site for 100 years.