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Fletchers Group News Update 22 June

June 22nd 2015

We woke up to grey skies over the weekend and there certainly was a chill in the air!

The REIV reported a clearance rate of 79% over the weekend. Of the 850 auctions scheduled, 673 were sold over the weekend. It was another big weekend for the Fletchers Group, achieving a success rate of 80% at auction.



In Balwyn North, 38 Bulleen Road went under the hammer on Saturday. An impressive site for a prestige new home (STCA), the property drew an impressive crowd for auction. The existing home provides perfect interim accommodation whilst potential purchasers consider their plans for the future. The current two bedroom home is spacious and flooded with natural light, with a timber kitchen and a covered terrace at the rear of the property. This allotment is located within the Balwyn High School zone, just minutes from the freeway, providing an astute investment opportunity. Six bidders were keen to purchase this well positioned residence and the property sold for an impressive $1.489 million.

Also in the highly sought after suburb of Balwyn North, 37 Hosken Street was up for auction, the first time in 50 years. Situated on a block of approximately 1,155 sq m, it is the perfect opportunity to build a stunning five star residence or even subdivide to utilise the substantial block. The existing solid brick home offers three bedrooms, polished timber floors and a separate self contained studio. Located in within the Balwyn High School zone, this desirable allotment had four eager bidders hoping to secure the property. It sold for an overwhelming $2.92 million!

The easy to maintain villa at 1/2A Wooddale Grove in Mitcham caught the attention of plenty of prospective buyers at its open for inspections.  Located within walking distance to schools, shops and transports, this unit is ideal for the whole family. The two bedroom unit offers a light living room, dining area, well equipped kitchen that has been updated with brand new appliances. A paved rear yard and built in BBQ is perfect for alfresco entertaining. When the auction got underway seven bidders were quick to make their mark, competitively bidding against each other. The property eventually sold for $695,000 – an impressive $125,000 over reserve!

A sun filled sanctuary awaited the new purchasers of 42 Mill Avenue in Forest Hill. Perfect for a growing family, the three bedroom home is located on a quiet street close to schools and offers the opportunity to further renovate or extend this residence that is situated on a level block of 737 sq m. A classic home, 42 Mill Avenue features lounge and dining room with open fireplace, a kitchen meals area that is accompanied by peaceful covered alfresco area and child friendly garden. The auction was a busy occasion with seven bidders all vying for the classic home with an exciting future. Reaching $231,000 over reserve, the property sold for $981,000!

The Fletchers Diamond Valley office also had a fantastic weekend of auctions, achieving a 100% success rate!

Next week is set to be a big weekend of auctions. We are looking forward to seeing some great results!

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

Enjoy the rest of your week!

Fletchers agent Chris Chapman with the happy vendors of  72 Valonia Drive, Eltham.