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Stunning reno lands Heathmont home $1 million price gain

Real estate & property trends
06 October 2022
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Quality family homes fetching top dollar in coveted suburb

An impeccably renovated Heathmont house in a sought-after position has soared $160,000 above the seller’s price hopes.

The 21 Dirkala Avenue property fetched $1.36 million under the hammer on October 1 and gave the long-time owners a price gain of $1 million.

The property was purchased for just $360,000 in 2006, sales records showed, and was then updated and renovated.

“The lovely spring weather showcased the stunning gardens, and the location backing onto Dandenong Creek trail is cherished by buyers,” Barry Plant Heathmont & Ringwood agent Tamazin Edwards said.

“The auction was well attended and there were three bidders, with two very invested, and the result exceeded all our expectations.”

Ms Edwards said the owners had done “an impeccable job to present the home and were rewarded for their efforts”.

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The four-bedroom house has luxury details with a stunning interior and sensational outdoor setting, and direct access to the walking trail.

Heathmont home prices have soared in recent years, with large family friendly blocks sought-after by buyers.

It has a reputation as a leafy and quiet suburb with easy access to the train line, top private schools, shops, and sports and recreational amenities.

“The market is still strong for good quality family homes and sellers have done very well. The prices of such properties have not dropped at all,” Ms Edwards said.

“But prices have pulled back a bit for properties that are in knockdown and rebuild condition, or that need renovation.”

She noted that Heathmont house prices “are very stable because it is a tightly held market”.

The agency offers home sellers a choice of private sale or auction, and that auction properties are chosen carefully to suit the current market.

“Our auctions have done very well and we haven’t had any property pass in in a while,” Ms Edwards said.

Heathmont’s median house price grew 6.9 per cent to $1.09 million in the year to September 2022, according to data.

Real estate & property trends
06 October 2022
Save Article

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