Altona North home with a studio sells for $1m-plus

The three-bedroom abode at 36 Fifth Ave notched a $1.252m sale price at Wednesday’s online auction.Compton Green associate director Dee Gibson said 16 bidders registered for the event with 10 placing a bid on the day. RELATED: Bidding war erupts over West Footscray padNew price record: What your home’s worthSmall catch in positive sign for Aussie rentersRental lessons learnt from Melbourne's lockdownsThe stylish weatherboard house with a backyard had originally been listed for $975,000-$1.025m and was called on the market at $1.1m.Ms Gibson, who sold the house to her vendors seven years ago, said househunters fell in love with the property’s charm.“(The vendors) poured their heart and soul into the home,” she said.“It was already lovely but they have just enhanced it, particularly the gardens. “And what was so monumental was that because we had those (strict one-on-one) inspections, people got to sit and wait in the front garden or on the veranda and they got to experience the home before rushing in.”Generous living spaces and two decks made the property a perfect entertainers pad, she added.The property’s home office and detached studio with a powder room were also desirable additions. And in Doreen, 15 Downey Drive sold for a mighty $962,000 at online auction on Tuesday. The sale was $182,000 above the $780,000 reserve.More than 50 people inspected the three-bedroom Federation-style home on a corner block, with three serious buyers sticking their hand up on the day. Barry Plant Doreen’s John Heath said it was a “great result”.“I was confident we would at least hit their reserve,” Mr Heath said. “Fortunately there were two buyers who certainly saw value in it, well into the $900,000s.”He said the new owner was a mature buyer looking to move “closer to her children”.The underbidder was vying for the property on behalf of his parents who lived regionally, the agent added.Both agents said they decided to proceed with a virtual auction — despite 50 people now being allowed at on-street sales — as they were confident in the process.Sign up to the Herald Sun Weekly Real Estate Update. Click here to get the latest Victorian property market news delivered direct to your inbox.MORE: Benita Willis: Olympic long-distance runner selling Richmond homeOtways farm with waterfalls, ocean views and platypus colony for saleMelbourne land price rises $42k in pandemicalanah.frost@news.com.au Via news.com.au — Australia’s leading news site https://www.news.com.au