![4 CUGMG Place, Sunbury - For Herald Sun Real Estate](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 1280 720"%3E%3C/svg%3E)
Sold! To the woman who grew below.
A Sunbury house recommended buyers for renewal or demolition has sold more than $ 150,000 above its reserve price, to the neighbor’s daughter.
In what has been described as the largest auction for this year’s suburb, it is estimated that 250 people appeared to see 4 cuming placed the market.
Among them there were eight bidders, who began the auction at $ 480,000, the lower part of the announced price guide of the house.
Related: why additional $ 50k for the sale of your home? Try a cup of tea
Theater pool in Melbourne’s house the most popular in the country
Melbourne’s ‘supercharged’ suburbs for 2025 revealed: Hotpotting Price Predictor Index
By the time the sacrifices reached $ 500,000, the five double -story bedroom house was on the market, with Ray White’s auvator Aaron Hill, continues to receive fast offers ranging from $ 5000 to $ 2500.
But she was a woman who grew below for that she boosted the final result with an offer of $ 651,500 that finally set aside the first -home buyers who had a leg planning to relive the property.
You can see a division to the left of the kitchen carpentry, which indicates where the floor has begun to sink as a result of problems with stumps.
The rear patio group is not expected to survive the renewal plans.
“He ended up selling to the next daughter of the neighbors,” said Hill.
“They knew the family sold, and they loved her from day one.”
The buyer, now with his own family, plans to renew what they can before moving to what will be his first home and progressive update in the coming years.
Hill said about 8 80 percent of the possible buyers of the first home, everyone tries to renew and update the house.
The house will need the work, with stumps in the middle that it has sunk causing a inclination to the kitchen, water damage from one of the bathrooms above, affecting the lower level and a pool of the rear patio that has not bone without relief, and most of the lost lost lost lost lost lost lost lost lost lost agents agents agents agents agents agents
Hello, he added that he was obtaining the sense that buyers wanted to enter now, before interest rates further fell, as is widely expected at the end of this month.
The size and location of the block helped to compensate for the condition of the house.
An update is on the cards for the bathrooms.
“They want to enter before it becomes a bit silly,” he said.
And there are signs that this might not be so far.
Mr. Hill said that today’s result occurred approximately one year after a three bedroom house and a single level in the same street was sold for $ 690,000 after extensive renewal.
For vendors seeking to make the most of the market in the coming months, Hill said the sales method would be important.
“If you want to get good competition and the best price, you should go to the auction,” he said.
“This house would not have obtained that price without an auction.”
Register in the Weekly Real Estate Update of Herald Sun. Click here to get the latest Victorian news of the real estate market delivered directly to your inbox.
More: two Victorian wineries for sale in Red Hill and Beechworth Regions
Tiny Timboon Townhouse compared to Dr. Who’s Tardis could be yours for $ 310000
The University of Melbourne lists the Parkville mansion with tower, garden views and heritage details