Grand home in ‘pretty tightly held area’ scores $3.25 million auction sale

  • 📰 theage
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 77%

Property Property Headlines News

Property Property Latest News,Property Property Headlines

A five-bedroom home in Balwyn North’s premium Riverside Estate sold for $3.25 million at auction on Saturday, the highest-priced auction result in Melbourne this weekend.

Sale price for four-bedroom Cheltenham townhouseAdvertisement

The Balwyn North property has multiple living areas and an impressive entertainer’s space at its rear which features a pool. The new buyers will now be homeowners in the highly regarded Riverside estate. The three bidders for the home included an advocate representing an overseas client, a local family, and an elderly mother and her daughter. The starting bid of the auction was $1.45 million. Increments started at $25,000 but from $1.5 million to the sale, price bids were between $5000 and $10,000.

There were 25 bids made during the auction, with most of the bids exchanged between the investor and the couple.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in PROPERTY

Property Property Latest News, Property Property Headlines