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Bidder who fell in love with Burwood house pays almost $2M

Real estate & property news
01 September 2023
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Northcote buyers compete for rare listing without heritage protection

A family has paid a huge premium to land a house in a tightly held eastern suburb.

The buyer from Mt Waverley bid $1.925 million to defeat five competitors at the auction of 21 Harrison Avenue, Burwood (pictured below), on August 26.

The well-presented four-bedroom house of 20 years, with a reserve price of $1.65 million, gave the seller a $275,000 windfall.

“The buyer just loved the house, which has plenty of windows and natural light, and was willing to bid until he won it,” Barry Plant Glen Waverley agent Kathleen Kuang said.

“The auction went very fast and was over in 15 minutes, and we had no chance to consult the vendors or make a vendor bid.”

The double-storey house on a 607sq m block attracted more than 100 groups at the inspections.

Meanwhile, a Barry Plant office in the inner north sold all three homes under the hammer on the same day.

Among the weekend’s top results, the property at 20 Henry Street, Northcote (pictured below), which was originally a Victorian-style home before it experienced a 1980s makeover,

Three families, who were all looking to demolish the dated property and build a new home, pushed the result above the seller’s $2.35 million reserve, Barry Plant Northcote director Loretta Khoo said.

“There are not many buyers at this price level, and those who were interested were of good quality,” she added.

“All three bidders were local families living within a short distance of the property.”

Ms Khoo noted that many homes along the street had heritage overlay and 20 Harrison Avenue stood out because it could be developed.

“Such listings are not common in Northcote and maybe 10 come up in a year,” she said.

A client who previously bought 151 Cameron Parade, Watsonia North (pictured below), through Ms Khoo, sold the property at a successful auction with an $810,000 result.

“There were four bidders and it sold above the $770,000 reserve to a first-home buyer,” she said.

The agency also sold 2 Clinnick Street, Reservoir (pictured below), a clinker brick house, for $1.065 million under the hammer. It had a $850,000-$925,000 price guide.

Real estate & property news
01 September 2023
Save Article

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