The buyer of a Ringwood East house only saw it on the day of the auction before edging out four others in a hot contest.
The 1 Heathwood Street house on 983sq m fetched almost $2 million, a result that left the seller “ecstatic and well above their expectations”, Barry Plant Heathmont & Ringwood agent Kate Birchall said.
The $1.93 million result, which soared well above the seller’s price hopes, was due to strong buyer interest and a lack of supply of quality homes, Ms Birchall noted.
“It was a unique property being just four years young and well-built to live in by the seller, and there are no similar listings in Ringwood East,” she said.
“The price per square metre would be a record for the area.”
The buyer turned up at the house and inspected it at the March 19 auction after being alerted to the listing.
While the auction started with a vendor bid, it continued strongly to the end with five families keen to own the keys.
The five-bedroom, three-bathroom property, described as “flawless, fashionable and filled with space to entertain and enjoy” was a rare listing because of its quality and age, Ms Birchall said.
The owners bought the block in 2016 and built a home to live in but decided to sell to start on a new project.
“Beautiful four-year-old homes like this are rarely listed in the area and now we will have to find similar homes for the underbidders,” she added.
Ringwood East is a tightly held suburb and sought after for its liveability, greenery and access to quality schools. On realestate.com.au, there is only one similar listing with a price guide above $1.7 million.
Barry Plant Heathmont & Ringwood had a successful auction campaign for five properties during the week with four sold on March 19 and one prior.
18 Venice Avenue, Mitcham
7 Lorienne Street, Heathmont
13 Loma Street, Ringwood East
2/13 Arlington Street, Ringwood
Victoria is headed for another auction on Super Saturday on March 26, with the Barry Plant Group scheduling 150 auctions.