Six bidders are vying for a Hayton home near a popular shopping area
The three-bedroom red brick home at 26 Porter Ave was at the center of a six-way dispute at Saturday’s auction.
The property sold for $742,000 to a buyer who said he would keep it as an investment.
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Barry Plant, Highton auctioneer Kieron Hunter said 70 groups inspected the property during the campaign, which was listed at a price guide of $669,000 to $699,000.
But proximity to Porter Ave shops and nearby Bellaire Primary School was a key driver of interest in the 589sq m property.
“I remember it being sold years ago and they did a lot of work to bring it up,” he said.
“The red brick stands out to me on a street of cream bricks.
“Porter Ave is just a great street and the neighbors will tell you that.
“But to get to this end, I guess you’re off the main road, but you’re still close enough to walk to the shops.
“Before the kettle sat down, you could walk up to Pane di Matteo and make yourself a coffee,” he said.
The buyer who attended the auction at the end said the purchase was an investment, indicating that investors are looking for the same drivers as owners.
“I’ve been living on the road for the last five, six years,” he said.
“It’s a good location, close to schools, close to shops and you’re off the high street.”
The buyer said there was also a little work to be done. “It’s small inside, but still livable,” he said.
Bidding opened at $660,000 and the price rose to $730,000 before a third bidder entered the fray.
Later, more bidders appeared as competition slowed to $1,000 increments.
Mr Hunter later revealed the property was on the market for $715,000.
Highton has a median home price of $950,000, up 7 percent in a year, PropTrack data shows.
The three-bedroom home offers many classic charms in a light and bright home, such as detailed cornices, a mix of modern and period finishes and timber windows.
The central bathroom has been recently renovated and the large living area has a wood burning stove and windows overlooking the courtyard.
Originally published as Six bidders vie for Hayton home near popular shopping area