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The Double Sunshine North property with a segment almost completed the pass at the auction, but agents said buyers could unlock $1.06 million in surprise with a minimum of final production.
Despite a keen interest, the Sunshine in the North Forest passed at the auction, but Agents said the right buyer could unlock six-figure surprises with just $15,000 worth of work.
44 Ford Ave property offers two separate homes with two single titles, with 95% of the subdivision work already signed. Only retaining the water meter separation paves the way for two individually sold characteristics, with a total value of $1.06 million.
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With expectations of $800,000 to $880,000, the dual-living setup attracted 18 inspection teams, 12 queries and 6 contract requests, but failed to meet the reserves under the hammer.
Jim Christou of Victoria said buyers are bypassing the opportunity to rent the two units or live, while another unit lives.
“You have two complete houses here, both with your own kitchen, bathroom and living area,” Christo said.
Double access from the front and side of the property provides separate use and flexibility for future owners or investors.
The second home’s bathroom includes a shower, bathtub and vintage tiles, clean structure and original condition.
“The front line has been rented for $450 a week and the rear vacant is sold, but it can be easily matched.
“It’s $900 a week, and there’s a chance to separate the equity and then classify the stock bank into stocks.”
Unit 1 features polished wood floors, a full-size kitchen and a lounge with split dining area.
The front room features polished floors, separate lounge and dining area and split system cooling.
Unit 1’s kitchen includes gasoline cooking and spacious cabinets, and currently, the home returns $450 per week for a flexible lease.
The backyard offers equally spacious tile layout, light coloured bedrooms, vintage bathrooms and private backyard, perfect for multi-generational living, investors or resale.
“There is real equity growth here – whether you hold it, once you sell it, or flip it,” Christo said. ”
“The owner has done all the hard work. You’re looking at the finish line.”
Vacant rear unit displays open tile living, full kitchen and natural light, which can be rented or resold immediately.
A secure backyard with established fruit tree and lawn space offers more appeal for tenants or future reconstructions.
Mr Chirstou said the low turnover rate of Sunshine North makes it difficult to find comparable sales, but also reflects the stability and attractiveness of the region.
“It’s a tense suburb. Once people move in, they don’t leave – even renters,” he said.
“We actually had more traction last winter, which was unusual, but I would feel the buyer’s confidence recovered.”
The property is still available for private sale.
A functional kitchen with plenty of storage and gasoline cooking is at the heart of the Unit 2 home-sized layout.
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