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Premium prices for showpiece homes

Real estate & property news
22 November 2023
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Mid-November auctions in Essendon, Eltham, Templestowe reap rewards for sellers. One of the highest prices ever paid for a townhouse in Essendon was achieved at a spirited mid-November auction.

A local family splashed a cool $3.001 million on a brand-new five-bedroom home at 69 Nimmo Street (pictured below), a whopping $116,000 above the reserve price, on November 18.

They were among four bidders who were attracted to its quality build and outstanding features, according to Barry Plant Essendon agent Walter Mahch.

“It is a stunning property with all the extras, and a rare find in the area,” he said.

“It achieved one of the highest prices paid for a townhouse in Essendon.”

Built by a local developer, the showpiece displays a chic industrial edge with a gallery-style interior adorned with soaring ceilings and high-end designer finishes.

Vast living and dining spaces seamlessly flow to a magnificent outdoor entertainment area with a barbecue, pool, spa, water feature and poolside shower.

On the same day, three bidders wanting the relaxed Eltham lifestyle competed for a luxurious four-bedroom house on 864sq m at 5 Renshaw Drive (pictured above & below).

The buyer, originally from Sydney and renting in Eltham, paid a record $2.105 million for the property, according to Barry Plant Manningham agent Sheryl Emerson.

“This is a record price for a three-bedroom, two-bathroom house in this suburb,” she said.

“A property like this is sought after and does not come on the market very often.”

The two other bidders were a buyer from Preston, and a businessperson from Ivanhoe who saw the property for the first time on auction day.

The property with $1.8-$1.95 million price hopes sold well beyond the seller’s expectations.

“They bought the original house from us in 2011, knocked it down and built this modern home,” Ms Emerson said.

Its high-end finishes, quality craftsmanship, interaction with the landscape and functional indoor-outdoor design impressed buyers.

Spacious living areas, a deck, fully tiled pool and a basketball court make it the ideal home for the family who loves entertaining.

And in Templestowe, a five-bedroom house on 818sq m at 9 The Priory (pictured below), was snapped up for $2.73 million, a massive $330,000 above the reserve price.

Four bidders battled for the home that sold to a young family, according to Barry Plant Doncaster East director Scott George.

“They liked its location in the Serpell Primary School and East Doncaster Secondary College catchment areas,” he said.

The property drew strong interest with about 70 groups inspecting the home.

They were particularly attracted to the free-flowing floorplan and outdoor entertainment and recreation areas, Mr George said.

The sellers, who built the house and lived there for 32 years, were downsizing to a property in the area, he added.

The renovated double-story home has multiple versatile living areas, zoned accommodation, quality finishes and elevated views.

A feature is the sensational outdoor entertainment area with a barbecue and kitchen that overlooks the pool and spa.

For the week ending November 18, the Barry Plant Group reported a 70 per cent clearance rate. A total of 70 properties were listed for auction, and 49 sold.

Real estate & property news
22 November 2023
Save Article

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