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Online bidding brings buyers from far and wide

One of the trends that has become more apparent since last year’s lockdown restrictions forced many sellers to auction their properties online is the number of buyers who still choose to bid online, whether through preference or through necessity due to geographic distance.

This week’s auctions were a prime example of this, with two of our winning bidders competing from the other side of the country or, in one case, the other side of the globe.

Some of our most recent results include:

Airport West: 58 Marshall Road. This three-bedroom home on around 616sqm of land generated good early interest from a number of local builders and developers, selling prior to auction for $905,000.

Essendon: 15/30 Nicholson Street. A position in the ever-popular Windy Hill precinct added to the appeal of this tidy one-bedroom flat on the first floor of a well-maintained complex of 16. A strong offer prior to auction saw the SOLD sign go up at $285,000.

Essendon: 27 Queen Street. A peaceful position at the end of a cul-de-sac with L.T. Thompson Park next door proved popular, with this low maintenance two-bedroom home selling over reserve at auction for $730,000.

Keilor East: 25 Eastleigh Avenue. With acres of parkland almost straight across the street, this rendered four-bedroom home attracted plenty of interest from young families before selling at auction for $865,000.

Keilor East: 35 Quinn Grove. Whilst offered for sale in less than pristine condition, this three-bedroom home came with a town planning permit for the construction of two townhouses. Interestingly, the winning bid of $1.05 million came from a buyer bidding online from Tokyo!

Maribyrnong: 73 Raleigh Road. The value of professional post-auction negotiations came to the fore once again, with this four-bedroom home on a prime corner site selling shortly after last weekend’s auction at $1.285 million.

Moonee Ponds: 39 Buckley Street. A classic Victorian façade framed by well-established gardens provided an appealing introduction to this surprisingly spacious two-bedroom home (pictured). A competitive auction saw the gavel fall at $1.2 million, close to 10% above the reserve, with the winning bid being placed online from a buyer currently holidaying in W.A.

Moonee Ponds: 24 Athol Street. Combining the appeal of a double-fronted period façade with huge potential for a sympathetic renovation, this three-bedroom home was another to sell above its reserve, with the contracts being inked at an impressive $1.592 million.

Thinking of making a move?

If you are one of the many Melbourne homeowners who are weighing up whether to make a move in the current seller’s market, our team at Barry Plant Moonee Valley are always available to assist you with obligation-free advice and assistance. So don’t hesitate to give us a call this week on 9373 0000.

Best wishes,

Bill Karp

Director – Barry Plant Real Estate

Essendon & Keilor East