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Fletchers Group News Update – 17 March

March 16th 2014

The REIV recorded a clearance rate of 73% over the weekend, compared to 68% on the same weekend last year. Fletchers again performed well across our Eastern suburbs offices with a success rate of 70%, conducting some fantastic auctions with high numbers of bidders and big crowds. 

A standout sale for the day was the three bedroom, one bathroom original double-brick Victorian at 67 Hope Street in South Yarra. Set in a fantastic location between the Royal Botanic Gardens and Fawkner Park and offering a fantastic opportunity to renovate (STCA), it is not hard to see why this property was so popular on auction day. Mark Fletcher conducted a fantastic auction which consisted of 9 participating parties bidding in the hopes of securing the property. In a great result for all, the property sold well above reserve for $1.455 million.                                              

The two apartment duplex development at 46 Doncaster Road in Balwyn North provides countless exciting opportunities for the astute investor or developer, with the possibility of creating a luxury new home or a multi-unit development (STCA). The property attracted a great crowd on auction day with four parties bidding, pushing the eventual selling price to $1.36 million.                                                                                                              

Ben Williams and Rob Sheahan conducted another successful sale for the three bedroom, one bathroom home at 47 Drummond Street in Blackburn South. Well positioned and set in a beautiful tree lined street, the home offers generous front and rear gardens and a great paved alfresco area. The possibilities for this home are endless! Continuing the trend of large numbers of bidders at auctions, there were 6 parties bidding for the property. On the market for the first time in 50 years, the home sold for $720,000…a wonderful result for the vendors and buyers.

The pristinely presented three bedroom family home at 31 Hendra Grove in Ringwood offers fantastic potential in a highly convenient location. Drawing a great crowd on the day, Reilly Waterfield conducted an energetic auction, which had five participating parties. In a pleasing result for Reilly, co-agent Sam Camilleri, their vendors and buyers, the property sold over reserve for $665,000.

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

The REIV is expecting 1,110 auctions to be called next weekend…we look forward to bringing you all the auction information!

Boroondara Park Primary School is holding their 2014 ‘Mad Hatters’ March school fair this Saturday 22nd March from 1-8pm. The day will include carnival rides, yummy food stalls, fireworks and a monster auctions! Be sure to head down to the school and take a walk through their Wonderland!

Be sure to keep up-to-date with Fletchers latest news and information on Facebook, Twitter & LinkedIn.

Enjoy the rest of the week!

Director Ben Williams with the happy vendors and purchasers at 7 Gidgee Court in Forest Hill!