51 Lambeth St, Kensington fetched $1.52 million at auction.
A RENOVATION and extension that spared no expense has helped a 1885 terrace in Kensington quadruple in value in just over a decade.
The $1.52 million sale of 51 Lambeth St was among several strong sales enjoyed by vendors across Melbourne, as the city held its first Super Saturday of the year.
A riverside house in Frankston also eclipsed its reserve by $270,000, while a Bentleigh townhouse broke a record in a strong post-auction negotiation and a Sunshine West original earned big bucks from an investor.
We’ve compiled auction results from all sides of Melbourne to give a snapshot of how the property market played out this weekend.
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The Kensington home last changed hands for just $371,000 in 2006.
51 LAMBETH ST, KENSINGTON
SOLD FOR $1.52 MILLION
A RENOVATION and extension that spared no expense helped this 1885 Victorian terrace quadruple in value since it last sold in 2006, for $371,000.
Nelson Alexander Flemington auctioneer Ryan Currie accepted fierce bids from three parties, who pushed Daphney Villa $240,000 above reserve.
A man from Melbourne’s east won the keys for his daughter.
Mr Currie said the stunner’s timeless renovation and position in a high growth, sought-after area with good value and proximity to the city contributed to its strong sale.
The house features a flexible floorplan with sleek living spaces, three or four bedrooms, two modern bathrooms, beautiful timber floors, and back deck and courtyard with ROW.
111 Gould St, Frankston backs on to a river and is close to the beach.
111 GOULD ST, FRANKSTON
SOLD FOR $1.37 MILLION
A RIVERSIDE location in Frankston’s “hidden pocket” of Long Island attracted buyers to this three-bedroom home, which is also just 90m from the beach.
Hocking Stuart Frankston agent Paul Gilderdale said two bidders pushed the sale price $270,000 over reserve.
A retired man from Caulfield who’d “always wanted to live on this street” won the keys.
51B London St, Bentleigh passed in but sold strongly afterwards.
51B LONDON ST, BENTLEIGH
SOLD FOR $1.925 MILLION
THIS near-new five-bedroom home set a record for a Bentleigh townhouse after “a huge” post-auction negotiation added $250,000 to its sale price, Advantage Property Consulting director Frank Valentic said.
Mr Valentic said the house passed in to the eventual buyer at $1.675 million.
Its sellers are relocating to Sydney, and only bought the property in May 2015 for $1.665 million.
An investor paid $730,000 for 46 Hall St, Sunshine West.
46 HALL ST, SUNSHINE WEST
SOLD FOR $730,000
AN investor fended off two other bidders to win the keys to this unrenovated ‘60s brick home on 697sq m.
Property Mavens chief executive Miriam Sandkuhler said the “over the top” sale price indicated “high demand and low supply is still driving the market”.
The four-bedroom house had been quoted at $600,000-plus.
-with Christine De Silva