A city family keen to move east has paid a premium sum for a Doncaster East home they did not inspect.
The 50-year-old house at 9 Finch Street sold sight unseen for $1.58 million prior to auction, about $300,000 above the seller’s expectations.
“The new owners are keen to relocate to the area to be near family and are also attracted to the school zones,” Ms Kou said.
The property was listed as a “smart family upgrade into five-star Manningham” and is within the coveted Beverley Hills Primary School and East Doncaster Secondary
College catchment areas.
The sale of the family home on 647sq m soared well above the seller’s price expectations of $1.2-$1.3 million.
The result was “beyond all expectations” and it was called on the market at $1.38 million by auctioneer Spiro Drossos, Ms Kou said.
“All the buyers were investors-developers as the block had a DD08 zoning for high-density development and is on a flat block,” Ms Kou added. “The buyer has experience developing homes in the area.”
And as a sign of strong autumn demand that is expected to flow into winter, Barry Plant Eastern (Manningham, Blackburn and Eltham offices) sold 90 properties in a month to close out autumn.
During the recent lockdown with onsite auctions banned, its network of offices also pivoted easily to lockdown selling methods, using the latest digital property technology and selling strategies.
This resulted in “very strong outcomes for our vendors and 19 sales for the week” at the start of June, Barry Plant Manningham managing director Spiro Drossos said.
Also on June 12, 8 Rosamond Crescent, Doncaster East, fetched $1.725 million under the hammer.
It was the second time Barry Plant Doncaster East auctioneer Todd Lucas sold the house, which was the childhood home of actor Rodger Corser of the Doctor Doctor television series.
The updated 1960s home on a large 850sq m previously changed hands in 2016.
“It was our first onsite auction after the lockdowns and we had five bidders and a reserve price of $1.68 million,” Mr Lucas said.
“The buyers were attracted to the large block size with a wide frontage and the potential to develop.”