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Fletchers Group News Update – 2 May 2013

May 1st 2013

It was a cold and blustery day in Melbourne, but the auction activity was hot!

The REIV recorded a clearance rate of 72 per cent, compared to 59 per cent on the same weekend last year. Fletchers achieved a success rate of 65 per cent, with eleven out of the seventeen properties scheduled for auction selling on the day.

The highest sale for the day was the impressive home at 1 The Domain in Ringwood. Situated just off Old Warrandyte Road, this home surpasses previous standards of prestige living, offering all the luxuries. With a 10-seat home cinema and solar heated in-ground pool, six bidders fought to secure this residence. It sold under the hammer for an incredible $170,000 above reserve; the vendors were thrilled!

The three bedroom home at 107 Panoramic Road in Balwyn North saw six bidders compete for the opportunity to secure this great elevated corner block of approximately 841 sq m in the Balwyn High School Zone. This well kept residence provides potential buyers opportunity for renovation, extension or redevelopment into a brand new home (STCA). The property sold for an impressive $75,000 above reserve.

The well renovated four bedroom plus study family home at 34 Winchester Road in Nunawading was another great result for Fletchers Whitehorse Director, Ben Williams. An outstanding feature of this property is a huge alfresco room opening from the family area, to create an enormous all-weather entertaining venue complete with a wood burning fire place. The fresh vibe of this property proved appealing, selling for $58,000 above reserve.

In the centre of a boutique complex of three homes, the single-storey unit at 2/3 Wridgway Avenue in Burwood enjoys peace and privacy, yet lies in an extremely well-serviced location. In great sale for Michael Richardson and his vendors, this immaculately maintained unit sold for a great price, $70,000 above reserve.

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

The REIV expects around 740 auctions to be called this coming weekend, so here’s hoping the weather is a little calmer and the outstanding auction action continues!

Fletchers will be a major sponsor for the Blackburn Primary School Bi-Annual Family Fun Day this Saturday, May 4th. This day provides families the opportunity to spend time with each other in a fun, social environment while raising funds to contribute to the educational needs of the Blackburn Primary children. Fletchers staff will be there to support the day…we hope to see you there!

Enjoy the rest of the week!

1 The Domain, Ringwood North

1 The Domain, Ringwood North – a great sale by Fletchers Manningham agents,  Traci and Carl Stella!