Coburg North 1950s former housing commission gem a top performer
Renovated inner-north homes in demand
A former housing commission home in Coburg North has sold for almost $1 million.
The 41 Boyne Street sale (pictured above) was among the top results for the Barry Plant Group for the week ending September 3.
The three-bedroom house on 678sq m, built in the 1950s in the Newlands Estate, was snapped up before auction for $980,000, Barry Plant Inner City Group agent Lucas De Bartolo said.
“We received four offers from buyers in the area prior to the auction,” he said.
“And it sold above the seller’s expectations.”
The local buyer was attracted to the size of the house and block, neat and tidy presentation, and location near parks, schools and Coburg Hill shops.
The sale was an emotional one for the owners, who had lived there for 30 years, and who had renovated and extended the house, according to Mr De Bartolo.
Offering multiple living areas, including a sunroom that flows to an entertainer’s balcony, the property is zoned to Coburg High.
It is near Edgars Creek park and Merri Creek trail, shops, cafes, transport and vibrant Sydney Road and Pentridge Village.
Just around the corner at 4 Boyd Crescent (pictured below), a three-bedroom house on 445sq m sold at auction for $880,000, also above the seller’s expectations.
This property was home to original owners and in the same family for 74 years, Mr De Bartolo said.
“Two bidders went head-to-head in a battle to win the keys,” he said.
“And it sold to a young couple from the area.”
The charming clinker brick home on an elevated position displays polished floorboards and includes a spacious lounge room, sunny kitchen and meals area, plus a neat backyard with potential for an outdoor entertainment area.
And in the same pocket, a red clinker brick house from the same era is up for auction on October 15.
The price guide is to be confirmed for the three-bedroom house at 25 Ronald Street, which should attract young families, according to Mr De Bartolo.
“It’s been partly updated and in a great location,” he said.
“The house on a big block is a good fit for those with growing children.”
The owners who lived at the property for eight years have moved interstate, he added.
Despite the rise in interest rates, the winter market performed well in Coburg and Coburg North, according to Mr De Bartolo.
“There are plenty of buyers out there, and they are looking for updated or semi-renovated homes that need minimal work,” he said.
“Due to the cost of materials, they just want something that is move-in ready.”
Mr De Bartolo expected listing numbers to pick up in the coming weeks.
“Properties are slowly coming up for sale, but not as quickly as the same time last year,” he said.