Property review

Nicole Lindsay April 16, 2012

Top house

Top house: 47 Park Crescent, Fairfield $1.71m

Two active bidders kept up the pace at the lively auction of this Californian bungalow, across the Yarra River from Kew. Other potential bidders did not get a chance to put up their hands, according to agent Collins Simms, and it easily passed its $1.5 million reserve. The three-bedroom two-bathroom house is on a 925-square-metre lot two blocks from the river and includes a studio and workshop.

 

Top apartment: 3/6 Coolullah Avenue, South Yarra $890,000

On THE top floor of an art deco block, off Williams Road, this large five-room apartment includes two bedrooms, with built-in robes. There were three bidders among the 70-strong crowd at  the auction, which was run by Biggin & Scott. Bids opened at $750,000 but reportedly stalled a couple of times before it was declared on the market at $850,000. It sold under the hammer for $890,000.

Bargain house: 59 Cochrane Street, Cranbourne $226,000

Originally for private sale at $275,000, this deceased estate fell further short during an auction campaign that trumpeted its bargain status. It sold shortly before auction in a deal handled by Stockdale & Leggo’s Cranbourne office. Close to the South Gippsland Highway, the brick house is on 600 square metres and has three bedrooms, two bathrooms and separate dining and living rooms.

Top weekender: Tucks Road, Main Ridge $2.6m

The buyer of Manton’s Creek Vineyard banked a tidy discount to the original $2.8 million asking price. The large house has three bedrooms and two living areas. It is on 20.2 hectares with a
6.47-hectare vineyard including pinot gris, chardonnay, gewurtz and sauvignon blanc grapes. There are leased restaurant and cellar door facilities. The Kay & Burton Flinders office made the sale.

Best roughie: 433 Punt Road, Richmond $630,000

The phrase ‘‘under instructions from the state trustee’’ draws buyers looking for a bargain. About 50 people, four of whom put in bids, turned up to the auction of this three-bedroom terrace near the river and freeway. Bids opened at $500,000 and it was on the market at $601,000. The remaining two bidders took the price to $630,000. It was bought by a local investor.

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