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Last-minute bidding gives seller six-figure bonus in Wheelers Hill

Real estate & property news
07 December 2022
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Monash market `healthy’ but in need of more supply

Seconds before a Wheelers Hill home was to be sold under the hammer, a new bidder entered the race and eventually won the keys.

8 Murillo Court was called on the market at $1.18 million at the December 3 auction at. It was about to sell when the bidder joined in.

“The fourth bidder came in at the last minute and followed up with many small bids until the house sold,” Barry Plant Glen Waverley auctioneer Tony Ievoli said.

The hour-long auction of the five-bedroom house near Wheelers Hill Shopping Centre achieved a $1.285 million result, which gave the sellers a huge $105,000 premium over their reserve price.

“The buyer was very persistent and wanted the property, and kept making small bids until it sold,” Mr Ievoli said.

“Coincidentally, the sellers, who have owned the home for nearly 30 years, said they had also bought it with very late bidding as well.”

Sales records show the property was purchased for $175,000 in 1994.

The house features a sun room and garaging for five cars, and is a stroll from Wheelers Hill Secondary College. It is also within easy access to Caulfield Grammar and Brandon Park Shopping Centre.

The agency also auctioned a three-bedroom apartment at 10/2-4 Blair Road, Glen Waverley, for $803,000 the same day.

Apart from impressive views, the apartment is close to shops and transport, and is in the popular Glen Waverley Secondary College zone.

Meanwhile, 17 Tom Begg Court, Wheelers Hill (Main image above), which had been scheduled for auction the same day, was reverted to private sale and has since come under offer.

The five-bedroom house on 787sq m is in the suburb’s Golden Mile precinct and had $1.65-$1.8 million price hopes.

The stylish home with 40 squares of living enjoys spectacular views of the Dandenong Ranges, and features high-end fixtures and finishes and a landscaped garden.

Commenting on the spring selling season, Mr Ievoli said the main challenge for agents was the lack of properties for sale.

“The market is healthy and most of our properties sold but many owners are still waiting to put their home on the market,” he added.

Real estate & property news
07 December 2022
Save Article

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