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35 Edward St, Cheltenham sold for $1.295m under the hammer.
A weatherboard house owned by the same family for more than 30 years sold under the hammer at its weekend auction.
The three-bedroom home at 35 Edward St, Cheltenham was offloaded for $1.295m, a whopping $145,000 above its reserve price. The property was initially listed with a $1.05-$1.15m price tag.
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Vendor Kerry said she was overwhelmed by the sale but it was a “very pleasing result”.
The 76-year-old said she had decided to move closer to her family in Berwick.
“I think it’s time I went back that way for family support and I’ve got grandchildren out there,” she said.
“I feel very happy about moving on; it took me a little while to come to terms with that but I’m very, very happy with the decision I’ve made.”
Kerry said the garden was her “happy place”.
The alfresco entertaining deck.
She added that she absolutely loved the garden as it was her “happy place”.
“It’s just a beautiful place to live; walk to the shops, walk to the station, walk to Southland,” she said.
“It’s a lovely place to be; there are some lovely memories here.”
Ray White Cheltenham director Kevin Chokshi said a young couple purchased the abode and the sale showed there was more confidence building up in the auctions market at the moment.
“With interest rates staying on hold people feel more confident spending money and they want to try and lock in a deal before the interest rates go down,” Mr Chokshi said.
“That seems to be the common sentiment from a lot of buyers.”
One of many cosy spots of the house.
Doors open up to outside from the large family room.
He added that it was a very good looking home which was why it had strong interest throughout its campaign, even from interstate buyers.
“There was one lady who used to live (in Melbourne) and moved to Sydney and when it came up for sale, she called me straight away saying, ‘I used to walk past this house and say to my husband when it comes up for sale, we’ll see if we can buy it,’” he said.
“It definitely is the kind of home that people emotionally get connected to.”
At its auction on Saturday afternoon, bidding started off on a vendor bid of $1m and from there, offers began flying in at $25,000 increments, before slowing to $5000.
In just a 10 minute auction, four groups competed for the property until it sold for $1.295m to a young couple.
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