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Fletchers Group News Update 20 March

March 20th 2017

Although this week isn’t following suit, Melbourne experienced some beautiful weather over the weekend, with the sun shining and the temperature reaching 30° on both Saturday and Sunday.

Approximately 1,057 homes reportedly went under the hammer on the weekend—a nice change from the previous Labour Day weekend.  A total of 852 properties sold, and 89 of the 205 passed in properties were due to a vendor bid, resulting in a clearance rate of 81%.

 

 

 

 

A charming character weatherboard home, 8 Campbell Street in Heathmont is in a highly sought after street in the Ringwood Secondary College zone, with Bedford Road Shopping Centre, cafes and transport only a short walk away. The 811 sq m approx. block provides the new home owners with the options of enjoying the residence as is, or redeveloping it (STCA). The home features a timber kitchen, wood heaters, an open plan family room, high ceilings, a decking and a generous sized backyard, and successfully sold for an undisclosed amount at auction.

The near-new luxurious home at 9 Verona Street, Box Hill South has four bedrooms and three bathrooms, with flexible living environments suitable for entertaining and family living. The residence is located close to a range of schools, Deakin University and public transport. Featuring a huge open living/dining area, games room, alfresco with outdoor kitchen and an upstairs retreat with balcony, it’s no surprise that this home had five bidders on auction day and sold for the final price of $2.73 million.

The enchanting residence at 26 Newton Street, Surrey Hills is on a tree lined corner close to schools, Aqualink, Wattle Park and public transport. With four bedrooms and two bathrooms, it is ideal for family living, with opportunities to renovate or build a new home (STCA) on the 745 sq m approx. block. The home is on an elevated position with a long verandah, featuring a generous kitchen, formal and informal living zones, under-house storage and double auto garage. 26 Newton Street successfully sold under the hammer for $2.06 million with five keen bidders on the day.

As pointed out by the Domain Group, some keen buyers are making offers on properties prior to auction, like the one that was made for 60 Middlesex Road in Surrey Hills which resulted in the property selling before its scheduled auction. As agent Tim Heavyside said, “the offer was one that our vendor couldn’t refuse and when an offer is made on the Wednesday, Thursday or Friday before an auction, it’s the same as making an auction bid – no cooling off period”. A point to keep in mind for buyers wanting to lock down their dream home this Autumn!


3/81 Lower Plenty Road, Rosanna sold for $635,000, securing a wonderful outcome for both buyer and vendor.