It was a Christmas miracle for a couple who scored the keys and a short settlement for their dream home in a Bayside suburb.

A 1960s mid-century beauty at 24 Fairview Avenue, Cheltenham (main image above), was listed for sale for the first time. It sold for a whopping $1.27 million.

The new owners of the four-bedroom, double-storey home battled it out at auction on December 3. After 27 bids, climbing in $10,000 increments, the hammer fell and gave the seller’s a huge $120,000 beyond their reserve.

The house was “perfectly positioned and full of potential”, according to Barry Plant Dingley agent and branch manager Dora Kambouris.

“We had about 30 groups through and a great turnout at the auction… people just really loved the feel of the home with its retro, mid-last-century twist,” she said.

“Great size bedrooms, a fantastic open layout and floorplan, and a location that is so central to everything a growing family needs.”

The house sits on 670sq m and features ample outdoor space, established gardens, a carport, workshop and off-street parking.

The underbidders and other buyers looking to land a Cheltenham pad still have a few options before the year is out.

A four-bedroom, weatherboard home at 5 Coleman Court is listed for sale with a $1.2-$1.32 million price guide.

Sitting on 741sq m in a quiet cul-de-sac and in the Beaumaris Secondary College zone, the home will go under the hammer on Wednesday, December 14 at 6.30pm.

For buyers looking for something smaller, a freestanding unit at 4/2 Herald Street is listed for sale with a $560,000-$610,000 price guide.

The two-bedroom, recently renovated unit is decked out with polished hardwood floorboards, quality appliances and a cute courtyard.

Conveniently positioned central to transport, major shopping centres, and primary and secondary schools, the property will go to auction Saturday, December 17 at 10am.

To view all property opportunities in Cheltenham, click here.