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Six bidders give Heathmont townhouse whopping six-figure premium

Real estate & property news
18 December 2023
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A Chirnside Park family wanting to upsize to a larger home closer to the city has splashed a seven-figure sum on a townhouse in Heathmont.

They outbid five other buyers to win the keys to the luxury four-bedroom home at 1/16 Daisy Street (pictured above), which sold for $1,282,500 on December 9.

Steady bidding resulted in the property changing hands for well above the advertised price of $980,000-$1,040,000, according to Barry Plant Heathmont & Ringwood agent William Wong.

“The auction started at $1 million,” he said.

“And the property sold in 15 minutes after 25 to 30 bids.”

The low-maintenance home attracted strong competition because of its street frontage, quality fit-out and presentation.

“It has solid timber floors and was so well maintained, it looked new,” Mr Wong said.

The seller was the developer of the triple townhouse complex and lived at the property.

“He is now relocating overseas,” Mr Wong added.

In a locale coveted by families, the property is within walking distance of schools, including Aquinas and Heathmont colleges, and Great Ryrie and Marlborough primary schools.

In Croydon South, a large five-bedroom house at 21 Macey Street (pictured below), changed hands for $1.57 million on December 5, well before its scheduled December 16 auction.

“We had three offers prior to the auction,” Mr Wong said.

“And the property sold well above its price range of $1.25-$1.35 million.”

The buyer lived nearby and was looking to upsize to a larger property, while the underbidder was a family of new migrants who will continue their search for a home.

The sellers who had renovated and extended the home were moving to an inner-city suburb.

The property attracted strong competition because of its size, quality and price point.

“You’d be paying at least $300,000 more for this type of home in Ringwood East, which is the next suburb over,” Mr Wong said.

Showcasing a stylish split-level design and sleek modern interior, the house features dual living zones, a quality kitchen and a sun-splashed entertainment deck.

Another family home nearby in Croydon South achieved a strong result because of its quality and presentation.

Three buyers competed for the three-bedroom house at 17 Manifold Court (pictured below), which sold for $980,000, according to Barry Plant Croydon agent Nathan Hick.

“The buyers liked the stunning outdoor entertainment zone with an enclosed pergola,” he said.

“And the home’s location, in a quiet court with leafy surroundings.”

The buyer was a downsizer who had previously moved to Torquay for a seachange and was relocating to Croydon South to live closer to family, Mr Hick added.

Mr Hick said Croydon South was a haven for families and downsizers, and depending on the price point, it was also a magnet for some first-home buyers and investors.

He added that Modern and renovated homes outperformed properties that required more work.

The four-bedroom house on 883sq m is for sale at 34 Blazey Road, for $995,000.

The move-in ready home with dual living zones, an outdoor entertainment deck and a fabulous backyard is tailor-made for a family.

Primary and high schools, including Tintern Grammar, parks, shops, transport and Eastlink are nearby.

Real estate & property news
18 December 2023
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