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Sellers averaging $76,000 above expectation

Real estate & property news
24 April 2021
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It’s been another busy week for our team at Barry Plant Frankston this week, with so many stark reminders of just how strong the demand from homebuyers is right now for property in the bayside suburbs.

When you consider that in the past week alone our team has achieved sales results that averaged $76,750 above the reserve across multiple auctions, or that one of our properties which was opened up for inspection for the first time this week attracted 70 groups of buyers to view it, it’s clearly a great time to be a property seller in the City of Frankston!

Here’s a summary of some of the more notable recent results:

Cranbourne North: 18 Wilkiea Crescent. Set in a tightly held park-side position of the sought-after Arbourlea Estate, this flexible three-bedroom home benefited from competitive interest in selling for $505,000.

Frankston: 8/47 Kars Street. This ground-floor courtyard apartment attracted interest from a mix of first-time buyers and investors before achieving a pleasing mid-week sale just under the $400,000-mark.

Frankston: 1/37 Bavview Road. This thoughtfully renovated two-bedroom front half of an appealing duo in the Frankston High School Zone was one of two properties sold at auction this week.

Frankston: 2/37 Bayview Road. The modern rear half of the property above, offering three bedrooms and two bathrooms, achieved an astounding $862,000. This was $132,000, (or more than 18%), above our ecstatic vendor’s reserve price!

Frankston: 1 Vermay Avenue. Potential was the word on the lips of everyone who visited this three-bedroom home on around 950sqm in central Frankston. With plans and permits in place for two side-by-side townhouses, this was another auction to exceed expectations, selling for $672,000.

Frankston: 30 Queen Street. Offering a rare combination of period architecture with the added bonus of plans and permits to build two more townhouses in the rear garden, this classic 1930’s bungalow on around 1075sqm of land reached an impressive $902,000 at auction, well in excess of the reserve.

Is now the right time for you to move?

If you are a local property owner who is looking at making a move while selling conditions are so favourable, our team at Barry Plant Frankston are happy to offer you all the obligation-free advice and assistance you need. Why not give us a call during the week on 9781 3100?


Barry Plant Real Estate

Frankston & Cranbourne

Real estate & property news
24 April 2021
Save Article

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