The auction got off to a slow start, but ended with a bang, as the buyers made a final knockout bid of $70,000 to seal the deal.
In Fitzroy a townhouse sold for $2,059,000 above its guide of $1.85 million.A four-bedroom Richmond home has sold for $4.35 million, almost $1 million above its advertised guide, after four buyers competed for the turn-key property on Saturday., which was renovated and extended a decade ago, was snapped up by a family looking to relocate to the area, Jellis Craig Richmond auctioneer Elliot Gill said.The price guide was set at $3.4 million, revised up during the week based on a pre-auction offer.
Bidding slowly moved forward, as two buyers made $50,000 bid increases, until the property was called on the market at $3.6 million.Credit:Another two bidders then jumped in, upping the price in $50,000 and $10,000 increments, but ultimately lost out to the eventual buyers who ended the auction with a $70,000 knockout bid.Gill said renovated homes were selling extremely well, as buyers looked to avoid the expense and time needed to renovate a property.
The price guide had been set at $1.85 million based on a pre-auction offer in the lead-up to Saturday’s auction. The vendors did not set an official reserve, but were willing to take anything over that price.Bids of $10,000 flew as three parties competed up to the $2 million mark, after which it dropped to a two-person contest, with a final $1000 bid sealing the deal.“They were delighted,” Jellis Craig Fitzroy’s Charles Atkins said.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Richmond remain confident Dustin Martin won’t leave for the Gold Coast SunsTigers coach insists Dusty ‘incredibly invested’, weighs in on ‘unusual’ Dimma sight
Read more »
Rich Men North of Richmond singer condemns Republicans after song used in debateOliver Anthony responds after politicians discuss his No 1 hit on stage: ‘I wrote that song about those people’
Read more »
How Nvidia became the world’s most important company overnightThe three Silicon Valley engineers behind Nvidia had just $US40,000 between them when they started the company. Now it’s worth trillions.
Read more »
How Nvidia became the world’s most important company overnightThe three Silicon Valley engineers behind Nvidia had just $US40,000 between them when they started the company. Now it’s worth trillions.
Read more »
How Nvidia became the world’s most important company overnightThe three Silicon Valley engineers behind Nvidia had just $US40,000 between them when they started the company. Now it’s worth trillions.
Read more »
Sandwich chain Subway sells in near $15 billion dealThe sale brings an end to the sandwich chain&x27;s near six-decade run as a family-owned business.
Read more »