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Fletchers Group News Update 1 March

March 1st 2016

We began the day with slightly overcast weather but thankfully the weather cleared to sunny skies.

The REIV reported a clearance rate of 78% over the weekend with 1,084 auctions reported and 844 of those selling. The past weekend marked the highest point in auction activity since December 2015.

Fletchers network of offices achieved a success rate of 65% over the weekend.


In Camberwell, the Californian bungalow at 12 Westbourne Grove successfully sold under the hammer. A stately front verandah welcomes you to the home that maintains period features throughout, including lofty ceilings with ornate ceiling roses. This home heralds spacious living zones, four double bedrooms and a separate studio. Overcast weather didn’t stop a crowd of over 100 people gather to see this home go to auction. The home was on the market at $2.15 million after 15 bids, then slowly but steadily the bids kept coming from eight bidders and over the next 30 minutes there were 68 bids. The home was sold with a winning bid of $2.532 million.

Tucked behind a high brick wall, 2/131 Prospect Hill Road, Canterbury is a free standing single level unit that sits on a generous corner allotment. The private oasis features spacious kitchen, dining and lounge with cathedral ceilings and an abundance of natural light and two bedrooms. There is also the opportunity to build a new three bedroom home (STCA).  At auction there were six bidders that helped the home sell for an impressive $986,000.

Number 10 Cloverdale Close in Burwood East is the perfect fit for a growing family. The spacious home offered an exciting opportunity for buyers looking to live in the highly desirable suburb. Offering four bedrooms, plus a west facing covered alfresco terrace that leads to a substantial lounge with bar and an open dining room/light filled kitchen. This flexible home had four bidders hoping to purchase and was sold for $943,000.

Offering timeless style, 1/99 Strabane Avenue in Balwyn is situated at the front of a boutique block of only three. The single level home features luxurious finishes and attention to detail throughout with parquetry flooring, quality carpets, high ceilings and a charming rose garden at the front of the property. The conveniently located home attracted six bidders who helped the home reach a final sale price of $1.284 million.

The two bedroom unit at 1/23 Hinkler Road Glen Waverley is tucked away behind a high brick wall and boasts a beautiful paved garden. The home features a generous lounge and large dining that leads out to a decked alfresco area. Well-proportioned in space, the home offers a large dining area next to the gleaming kitchen. Situated within the Glen Waverley Secondary School Zone, this home is located in highly desirable area. The home had four competitive bidders on auction day which helped the property reach well over reserve. It was sold under the hammer for $1.005 million

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

Join the ‘March for a Cure’ this Sunday, 6 March. Head down to Kings Domain from 7.30am to register for the walk. Join in on the approximately 4km loop to help raise awareness and funds for the research projects at the Melanoma Institute of Australia.  

Enjoy the rest of your week!

Property Consultant and Auctioneer Steven Zervas with the happy vendor and purchaser
of 2 East Court in Camberwell