`Strongest market in years’: Buyers pounce in Warrandyte

Riverside Alistair Knox home snapped up for almost $2 million

As supply of properties for sale tightens, Warrandyte properties can attract offers from five to 10 buyers before fetching top dollar.

There are triple the number of buyers searching in this suburb compared to nearby areas, according to Barry Plant Manningham director Theo Politis.

“Warrandyte is very tightly held and the market is the strongest we have seen in years,” he said.

“It is a unique suburb and buyers are attracted to the lifestyle homes, central location, community feel and network of local businesses.”

There were just 11 houses listed for sale in Warrandyte as at June 3 on realestate.com.au, with some listings snapped up within two weeks.

The suburb is deemed in very high demand with 3810 visits per property compared to the state average of 1799 visits on realestate.com.au.

A stunning home by the banks of the Yarra River at 17-21 Hutchinson Avenue was snapped up for $1.95 million by a local family.

It sold in two weeks after attracting thousands of views online because of its quality build, Alistair Knox design and serene position.

“The buyers live in a similar home and wanted more space and fell in love with the design,” Mr Politis said.

“The vendors are very happy that a family who appreciates the design and architecture is moving in.”

Mr Politis said the “very Warrandyte” home clocked 4600 views in 11 days, about the same number of views most homes in the area receive in a month.

Located in a sought-after pocket of central Warrandyte, the property features views of the river from the deck, and is a stroll away from a swim in the Yarra.

The 2003-built house had attracted lots of interest from buyers and fans of Alistair Knox.

Mr Politis said Barry Plant had a major share of the market in the area and that Warrandyte lifestyle homes are rarely listed and attract huge interest.

Nearby, a 10-acre property with two houses on one title at 93-97 Webb Street also sold strongly within its $2.9-$3.1 million price guide.

It has seven bedrooms in total and comes with six paddocks, three dams, sheds, a workshop and access to Warrandyte State Park,.

The property sold a large family from outside the area who were looking for a more spacious home.

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