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The independent Glen Iris Home at 2 Charles St violated its $1.35 million selling guide for $1.4 million, attracting five bidders, including neighbors.
A neat red brick home with no shared land and low maintenance gardens has become a popular selling price for Glen Iris, surpassing its price guide and a $1.4 million sale under the hammer.
The three-bedroom home at 2 Charles St was cited for a price guide of $1.25 million to $1.35 million, but five bidders, including neighbors, helped push the results toward $50,000 at the top of the range.
While the weather is cold, the competition is what it is, Buxton ACOM director and auctioneer Peter Gigis has announced it is one of the cleanest and most confident winter auctions he has remembered lately.
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“The property was announced on the market for $1.25 million and was eventually sold for $1.4 million,” Gigis said.
“This is a reliable result, especially for a single-story home from Glen Iris, the effect is still high.”
Mr Gigis said his independent layout, mature gardens and sun-soaked courtyards are all within walking distance of Burwood Village, Light Rail and the upcoming Suburban Rail Loop Station.
The well-preserved kitchen opens to the dining area and has plenty of bench space, gas cooking and large windows for natural light.
The home is not walking distance from Burwood’s future suburban railroad circulation station to change public transport access and fuel long-term capital growth.
“The descenders are the main force here. At least four of the most powerful bidders are older couples who just sold in the area,” he said.
“But in the end, it was a young couple who got the keys, the supplier, a sibling who inherited the house, and was very excited.”
The neat interior includes a front lounge, open kitchen and dining area, as well as three heist bedrooms, one with direct access to the bathroom.
Additional features such as ducted heating, evaporative cooling, ducted vacuum and remote garage add turnkey appeal, while wraparound patio offers leafy privacy and outdoor entertaining areas.
North-facing windows are filled with light, while the patio outside the wraparound patio offers a private entertaining space.
Buxton ACOM director Peter Gigis said the auction results reflect strong competition between surge in winter demand and local decliners.
Buxton ACOM Director said demand has increased significantly this winter in Ashburton, Camberwell, Oakley and Waverley Hills.
“It’s easy to be the strongest winter market we’ve ever seen before we’ve seen together,” Mr Gigis said.
“Inventory is still very tight, especially in places like Glen Iris and Ashburton, when the right homes come on, buyers behave quickly.”
Mr. Gigis’s Fact 2 Charles Street has no common land which is a rare and highly precious feature.
The front living room offers a separate retreat, perfect for downregulators seeking comfort, privacy and relaxing single-story living.
Buxton Oakleigh and Emily Duvnjak of the supplier, inheriting the house’s siblings, were “excited” about it, and “excited” about it.
“You can find units and villas in Glen Iris, but there aren’t many independents like this. That makes a huge difference,” he said.
Mr. Gigis expects that once July is bland, the spring trend will be the perfect storm for sellers as the spring rate is slow, interest rate reductions and low lists.
“We’ve seen the momentum in September,” he said.
There is definitely more confidence than last year, and both buyers and sellers are ready. ”
The sale is managed by Mr. Gigis along with Buxton Oakleigh’s Emily Duvnjak.
The manicured gardens and classic brick facades give Glen Iris Home a strong street appeal, which is a key factor in attracting descent and local interest.
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