• June 20, 2015

Jaws Drop As Price Soars

Bidders stretched their budgets for a dated brick home situated in 117 Fifth Avenue, Altona North over the weekend.  Enhanced by being only footsteps away from the Second Avenue Shops, the Circle Shops and Altona Gate Shopping Centre, this three bedroom, one bathroom residence was advertised as “Perfect for Today, Tomorrow and Beyond.”

The crowd of over 60 people trickled into the tree-lined street and there was a serious atmosphere amongst the large number of onlookers. Adrian Butera enthusiastically cited how this solitude home is located in a convenient family location.  “The home itself you can move in or do it up. Maybe it needs a coat of paint or your own personal touches? Homes like this judging by the massive crowd are highly sought after but seldom found,” Adrian said.

The first bidder was keen right from the beginning, raising a hand at $500,000. The emergency of multiple bidders soon ensued and the tempo of bids constantly changed which made this an exciting auction to watch. This home set on 556m2 approx went under the hammer for $716,000 while the marketed quote range was $590,000 plus, a groundbreaking result achieved by Compton Green Partner, John Galea. This property last sold in May 2009 for $395,000.

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