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Rosebud sellers rewarded with huge windfall to set new street record

Real estate & property trends
11 November 2021
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Original Mornington Peninsula home attracts 29 bidders and over 100 inspections

An original 1980s family home has smashed the street record at the ‘Paris end’ of Rosebud in a fiery, mid-week online auction.

The four-bedroom house on 761sq m at 6 Cass Street, Rosebud, sold for an impressive $1.31 million at auction, a whopping $410,000 above the sellers’ expectations.


The previous street record was $1.255 million, which was set in May for a 1200sq m property at number 16.

Sold to an inner-city buyer for a holiday home, the property’s biggest allure was its proximity to the beach, according to Barry Plant Rosebud auctioneer Paul Cunnington.

“The location is absolutely ideal, it’s in a really good spot just a 650m walk to the beach,” he said.

“And though the property was dated and in its original condition, it has some really cool, quirky features, such as vaulted ceilings.”

The 6 Cass Street home features exposed brick feature walls, an open fireplace, and original kitchen cabinetry and joinery.

With just one owner, the home was in ‘immaculate’ condition, Mr Cunnington added.

“We anticipated the sale would go well for the three sisters selling their family home, it presented so well and has been kept in such great condition,” he said.


The timber feature home drew over 100 groups to view at private inspections, and 28 online registered bidders, with eight buyers pushing the premium price. Originally scheduled for auction on November 6, the strong interest made for an earlier auction date.

“The seller’s reserve was set at $900,000 and the opening bid was $900,000,” Mr Cunnington said.

“Once the bidding hit around the $1.2 million mark, it was a war between two buyers.”

The heated auction received 27 bids from a few local buyers, with others looking for holiday homes and investors.

Rosebud's median house price is $795,000, and it has seen an annual price jump of 29.1 per cent. 

Real estate & property trends
11 November 2021
Save Article

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