A young family has forked out a seven-figure sum to secure a period beauty in an action-packed Sunshine auction on March 20.
The renovated 1928 California bungalow at 1 Leonard Street sold on March 20 for $1.07 million, a whopping $110,000 beyond the owner’s expectations.
The owner, who bought the property 20 years ago for $280,000, was over the moon with the result, according to Barry Plant Sunshine’s Michelle Mammoliti.
“She plans to move around the corner to her parents’ house which she is taking over to keep in the family,” Ms Mammoliti said.
A massive crowd of about 250 people watched five bidders from Melbourne’s inner west region battle for the rare period home in the heart of Sunshine.
In a quick contest, the property was declared on the market after three bids and sold in less than 10 minutes, Ms Mammoliti said.
“The buyer fell in love with the picture perfect family home because of its affordability, period charm and central location,” she said.
More than 50 groups inspected the meticulously renovated home that is adorned with high ornate ceilings, polished floorboard and double-hung leadlight windows.
A formal lounge room with an open fireplace, country-style kitchen, a potential studio and all the mod-cons added to its appeal.
Sunshine Marketplace, Hampshire Road cafes and restaurants are at the doorstep, with the train station nearby.
Also on March 20, a two-bedroom house at 1/9 Elva Court, Braybrook, with a price range of $570,000-$620,000, sold under the hammer for $630,000.
Three first-home buyers competed for the fully renovated home on a subdivided block, Barry Plant Sunshine director, Jason Allen said.
The main drawcard was the property’s location about 10km to the CBD, in the Braybrook College zone and near Caroline Chisholm College, Highpoint shopping centre, shops and Tottenham train station.
“The market is on the move in the area with properties selling well at or before auction”, Mr Allen said.
“We’ve scored 100 per cent clearance rates in the past weekends, with well-priced properties achieving good results.”
Also scheduled to go under the hammer on March 20, a three-bedroom house at 4 Dunbar Avenue, Sunshine, priced at $860,000-$920,000, was snapped up for $960,000 before auction.
“A couple of keen buyers pushed hard past the price point and it sold before auction day,” Mr Allen said.
“The buyers loved the property because it was superbly presented and had a great backyard.”
Home to the owners for 25 years, it is a well-renovated entertainer’s paradise that features a 31sq m sheltered outdoor area with a wood fired pizza oven, barbecue and built-in kitchen.
Meanwhile 4 Fontana Close, Sunshine West, sold prior its March 27 auction for $1.21 million.
“Three buyers competed for the modern showpiece and were attracted to its rare style and location in the desirable Callaway Park neighbourhood,” Mr Allen said.