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Fletchers Group News Update 1 August

August 1st 2016

We enjoyed some sun and clear skies over the weekend for auction day, but we have certainly seen the cold weather come through for Monday morning!

The REIV reported a clearance rate of 78% over the weekend, with 601 auctions scheduled and 468 of those selling. In the three months to June 30, Blackburn South recorded one of the state’s highest clearance rates of 95%.

Fletchers network of Eastern Suburbs office achieved a success rate of 86% over the weekend.


Perfectly placed, 22 O’Shannessy Street is located in one of Nunawading’s most desirable tree lined streets. The well-kept home is situated on a generous allotment of approximately 641 sq m is ready for extension, renovation or to be the location for a brand new home. The existing home features lounge, dining and a modern kitchen meals area, two double bedrooms and a study area. Located close to Nunawading station, schools and shops, this home is ready to move into or lease out. Auction day saw six bidders hoping to secure the property and the home reached a final sale price of $1 million.

The attractive family home at 79 Bellara Drive in Mooroolbark is set on a magnificent block of approximately 1,153 sq m. The comfortable home features four bedrooms, two bathrooms, meals/living area and modern kitchen which offers perfect view of the substantial lawn. The opportunity exists to subdivide at the rear of the residence or utilise the whole block for a luxurious multi dwelling redevelopment (STCA). Five bidders on auction day helped this home reach $60,000 over reserve.

In Balwyn North, the two bedroom plus study villa at 2/3 Hatfield Street is ready for a stamp of personality from the new owners with plenty of scope for modernisation. The middle of three villas this home features an east flow floorplan, sunny living room versatile study/dining room and open kitchen with spacious meals area. A small scale deck is also set in the verdant surrounds of the backyard. Popular amongst couples, downsizers and investors this home had seven bidders on auction day. It was sold under the hammer for $691,500.

The immaculate modern residence at 35 Arlington Walk in Vermont offers a contemporary layout that is spacious and open, featuring a large atrium style foyer extensive living and dining, gourmet kitchen and a second dining area. A low maintenance yard has artificial grass, merbau deck and landscaped private gardens. Five bidders helped this home reach a final sale price of $945,000.

In Toorak, the 405 sq m block at 3 Ruabon Road is situated in an enviable location, ready for renovation or development. Retaining much of its 1900s features the existing dwelling is surrounded by modern development and its new purchasers have the chance to put their own modern touch in a historically rich and convenient locale. The auction for this property was live streamed on the Fletchers Stonnington/Boroondara Facebook page. Auctioneer Reilly Waterfield got the bidding underway and after a quick consultation with the owners, bidding resumed and the home was sold for $1.17 million.

 For all of Fletchers recent sales, visit our award-winning website.

 Sold! Robert Sheahan with the happy vendor of 22 O’Shanessy Street in Nunawading