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When your sale exceeds all expectations

Real estate & property news
15 May 2021
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It’s one thing to read regular reports in the media about the property market reaching new heights, but it’s a very different feeling when it happens on your own property sale, as one of our vendors discovered at their auction this weekend.

When seven bidders raise their hands to try to secure the keys to your property, you know that you’re probably going to have a good result. However, when that competitive interest produces a sale that is more than 27 per cent above your reserve, that’s a moment worth celebrating, just as one family in Frankston is doing right now.

Here’s a summary of the latest activity in our local market:

Cranbourne West: 31 Colchester Avenue. Centrally located in the Quarters Estate with the proposed Secondary College across the street, this four-year-old double-storey home attracted plenty of interest from upgrading local families before selling at $590,000.

Frankston: 207/16 Clyde Street. This two-bedroom apartment situated right in the heart of Frankston’s thriving commercial precinct drew interest from a mix of investors and market entrants, achieving $320,000.

Frankston: 14 Clarendon Street. Overflowing with character, this charming two-bedroom timber home achieved a very satisfying $730,000 through a quick but effective off-market campaign.

Frankston: 38 Oaklands Crescent. As we mentioned earlier, the combination of stylish renovations and a terrific location proved hard to resist at this weeks’ auction (pictured). With John Paul College just around the corner and Kingswood Country Club a decent five-iron away, this light-filled three-bedroom home attracted seven bidders who pushed the price to a remarkable $790,000…more than $170,000 above our ecstatic vendor’s reserve!

Frankston: 5 Fairway Street. A larger than expected block of around 950sqm added to the appeal of this four-bedroom home. Strong early interest saw the SOLD sign go up at $870,000 before the photographer had time to pull out their tripod!

Frankston South: 11 The Crest. Promising a relaxed indoor-outdoor entertainer’s lifestyle in the Frankston High School Zone, this tastefully updated four-bedroom home attracted such strong interest that the vendors decided to accept a convincing $1 million early offer rather than waiting for the scheduled auction.

Make no mistake, if you’re thinking of selling, a great result could be just a phone call away. Indeed, we’ve got six disappointed and highly motivated buyers who missed out at just one auction on Saturday. So if you’d like to know how to make the most of today’s market conditions, feel free to call on the team at Barry Plant Frankston this week on 9781 3100.


Barry Plant Real Estate

Frankston & Cranbourne

Real estate & property news
15 May 2021
Save Article

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