Add Category![17 Hislop St, Keilor - for herald sun real estate](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 1280 720"%3E%3C/svg%3E)
17 Hislop St, Keilor, sold for $1.27m in an unexpectedly strong auction this week.
An 82-year-old Keilor woman is musing about buying a Porsche after a lottery-like auction result earned her $110,000 in under 10 minutes.
Glenys Thurgood was left in stunned silence as she watched the 17 Hislop St home she bought for $450,000 in 2005 sell for $1.27m on Wednesday night.
At $170,000 above the top of the four-bedroom home’s price guide, she said the sale was “unbelievable”.
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“The first bid was $1.16m and it went to $1.27m — so I made $110,000 in less than 10 minutes,” Ms Thurgood said.
“It was better than Tattslotto.”
The unexpected bonus means she can take a holiday before moving to a retirement village — and buy a new car.
“My daughter was saying to me, when do we put in the order for a Porsche,” she added.
The cosy property has been home to Ms Thurgood since 2005.
Bright decor features throughout the four-bedroom house.
Ms Thurgood began talking to an agent about selling just days before the Reserve Bank of Australia first raised interest rates in May and had feared she had left her run too late. “But it seems people who want to live in Keilor want to live there no matter what, and that they aren’t the sort who will be affected by an interest rate rise,” she said.
Brad Teal Essendon director Bruce Warburton said 70 inquiries in the home’s first fortnight on the market, plus a $1.15m offer early this week had derailed initial plans for an auction on August 27.
“Even going early we had four people registered for the auction,” Mr Warburton said.
In the end the 585sq m property sold mostly for its land value. Mr Warburton said the buyer, bidding while on holiday at Airlie Beach, would bulldoze and build their dream home.
“It could be a high $2m or even a $3m project by the time they finish,” he said.
The sale bucks an established trend of buyers preferencing renovated homes with all the work done, with delays and rising costs making renovations and new builds unpalatable for many families at the moment.
Ms Thurgood watched the online auction unfold with her daughter at the home.
The 585sq m block suited a number of buyers’ plans to build a dream home.
“But being in the village, in one of the best streets in Keilor, helped,” Mr Warburton added.
“That area is very well received.”
The buyer had been looking for a number of years, only contesting homes that fit their desired profile when they were available.
“They were a passive buyers, the kind who act very quickly when the right property comes up,” Mr Warburton said.
“And there’s hardly anything like this for sale. The underbidder was a passive buyer too, so they might be waiting another one or two years to get another chance.”
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