Two original condition “grandma’s” houses topped their reserves by about $300,000 combined in their first sales since they were built in the 1960s-’70s.
Six bidders competed for the three-bedroom house on an 816sq m block at 11 Kurrajong Ave, Glen Waverley, and five battled for 750 Ferntree Gully Rd, Wheelers Hill.
Mia Lander was selling the Glen Waverley property as the executor of her nan’s will and said it was “bittersweet” to part with the place that was central to so many family memories.
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“It was my grandma’s house and the family home when they moved to Melbourne from Slovenia; they moved in over 60 years ago to this house,” she said.
“There’s a lot of memories so it’s bittersweet for us to let it go. We understand it’s sold to another immigrant family, from a different country and continent, and we wish them every success in Australia and hope they have as much fun as we did.”
Ray White Ferntree Gully agent Cristine Jones said the family would move in to the property and eventually develop two townhouses or one big home on the sought-after site.
“Bidding opened at $1m and then had a steady rise in $20,000s till we got it on the market … the reserve was $1.29m and it sold for $1.48m,” she said.
“The buyers and underbidders hadn’t even seen the home before, they just liked the location, I would have imagined it would have been developed (had the underbidders bought it).”
The three-bedroom, 664sq m Wheelers Hill property fetched $1.05m on a $900,000 reserve after bidding opened at a lowly $700,000. It was advertised for $900,0000-$990,000.
“It kicked on with three families after it was on the market and the buyers are going to move into it and potentially, long-term, pull it down.”
Ms Jones said Ferntree Gully Rd was traditionally “the display-home stretch” in Wheelers Hill, and now the older ones were being replaced with new luxury homes.
She said both blocks she sold under the hammer benefited from being rectangular without any large trees and local demographics meant the market had kept going through early January.
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