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Bidding frenzy as families compete for home in coveted Wheelers Hill school spot

Corporate - Home Page
10 May 2022
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Three-year search over for homebuyer in off-market Wantirna South sale

A 1970s house in an A-grade school location has been snapped up in a 10-minute auction that delivered a $1.702 million result.

Within a stroll of the renowned Caulfield Grammar campus, the five-bedroom home at 32 Heatherlea Drive, Wheelers Hill, was coveted by five families.

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“The buyers were attracted to the home because the school is just a walk away, and it took just 10 minutes of bidding to sell it,” Barry Plant Glen Waverley agent Julie Guiqian Wells said.

The April 30 auction started with a $1.3 million bid followed by strong rises of $100,000, $50,000 and $20,000, and didn’t pause until the gavel fell within minutes.

The well-designed house on 690sq m netted the seller $52,000 over their reserve price. The owners of more than 25 years purchased the house so their children could attend the school, according to Ms Wells.

And the new owners are a family from Glen Waverley with a child currently enrolled at Caulfield Grammar and another child attending next year.

“The location of their new home will spare them a school pick-up run,” Ms Wells added.

Spotted in the crowd that day was the Barry Plant real estate group founder and master auctioneer, Barry Plant, who dropped by to observe the proceedings, Ms Wells said.

Wheelers Hill is among the most sought-after suburbs in the Monash region and is known for its leafy estates, elevated views and proximity to Jells Park.

The agency also had another strong sale at 30 Angus Drive, Glen Waverley, which sold within the seller’s $1.9-$2.09 million price hopes.

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Over in Wantirna South, a house on 349sq m at 137 Artesian Avenue has fetched $1.4 million in an off-market deal.

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It took just one week for Barry Plant Wantirna partner Ricko Su to seal the deal. Sales records showed the owner paid $950,000 for the four-bedroom house in late

2018, giving them a hefty $450,000 gain over a short period.

“The owner wanted to sell it off-market and we brought eight buyers from our database, held a VIP open for them and got two offers,” Mr Su said.

The buyer had been hunting for a home for about three years and inspected many properties with the agency.

“They were particular in what they wanted and what they would pay, and have now found a home,” Mr Su added.

The agency had several auctions on April 30 in the same suburb, with 19 Riddell Road selling $53,000 above the seller’s reserve for $1,152,800.

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Three bidders also battled it out for a five-bedroom house on 373sq m at 16 Monastery Close. It fetched $1.306 million, which was well above the seller’s price hopes.

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A pre-auction offer of $1.045 million also led to the sale of 41 Pindari Drive, Bayswater. The three-bedroom house had a price guide in the $900,0000s.

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Corporate - Home Page
10 May 2022
Save Article

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