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Ringwood pair sell and buy in 60 minutes

Real estate & property news
21 November 2022
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Barry Plant offices help couple sell unit and buy dream home on the same day

It took just an hour for a couple to sell up and upsize in Melbourne’s outer-east at back-to-back auctions.

They sold their Ringwood unit at 1pm on November 12 and bought a house in Wantirna at another auction at 2pm.

Their two-bedroom property at 1/13 Maidstone Street, Ringwood, was a buyer favourite with seven bidders lined up, Barry Plant Heathmont & Ringwood auctioneer Jay Carroll said.

“The bidding was very quick and the auction went nuts with first-home buyers and downsizers attracted to the neat home,” Mr Carroll said.

“And the double garage was a point of difference.”

The property, which is in a good spot close to the train station, drew 75 groups at the inspections, he added.

The home fetched $733,000 with the seller’s reserve set at $690,000, and it was snapped up by another young couple as their first home.

The sellers then went to bid for 18 Harland Square, Wantirna Imain image above), having missed out on a few auctions in previous months.

The property was passed in and negotiations yielded a $1.122 million sale for the long-term sellers who were relocating to the country, Barry Plant Wantirna agent Dean Kehagias said.

“It is rare to have a homeowner sell and buy within an hour and they were very keen to upsize to Wantirna and had been through a few properties with us,” he added.

“We had several buyers interested but the house was passed in at $1.06 million.”

The four-bedroom house on 661sq m was freshly updated and in a quiet location, offering a mix of indoor and outdoor entertainment spaces and a Dandenong Ranges backdrop.

Barry Plant Wantirna also netted a strong result for 18 Glenwood Grove, Knoxfield (image below), prior to auction.

The four-bedroom house on 472sq m sold for $1.22 million.

The house with a modern design has been renovated and features dual living zones and an outdoor entertainment space.

Mr Kehagias said many sellers were accepting strong offers prior to auction because of the changed market conditions.

Real estate & property news
21 November 2022
Save Article

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