Sign Up
..... Australian Property Network. It's All About Property!
Categories

Posted: 2024-10-21 00:45:00
154 Station St, Box Hill South - for herald sun real estate

154 Station St, Box Hill South, sold for the first time in 29 years on Saturday.


A Box Hill South homeowner who got “cold feet” and postponed an auction earlier in spring has sold her home in a surprising $1m result.

And the main road location that agents had worried might hinder the sale proved a key attraction for the buyer — who wants to run a dentist business from it.

Louise Eggleston has been in her 154 Station St home for 29 years, raised her kids there and works just down the road at the Box Hill Golf Club, but reluctantly decided to sell a year ago as she planned out her next chapter.

RELATED: Dad drops huge sum on home for kids after auction truth bomb

Who owns Aussie rentals: Teachers, nurses, truckies and cops among most prolific investors

Forest Hill: VFL’s first female administrator selling her house of almost 60 years

“It was a bit nerve-racking,” Ms Egglestone said. “I started the process earlier in the year and got cold feet after all the talk around interest rates. But in the end I decided it’s about time to move on.”

Her auction had been scheduled for September 21, but she postponed by a bit over a month.

That extra time gave her the breathing space to be more confident a sale would work.

“I was still nervous, but not as much as in the lead up,” she said.

“And in the end I just had a good feeling.”

Yesterday she celebrated with champagne and some time in her garden.

154 Station St, Box Hill South - for herald sun real estate

The home’s immaculate gardens impressed buyers throughout its time on the market.


154 Station St, Box Hill South - for herald sun real estate

The home’s indoor spaces take in the garden views.


Ms Eggleston said she was going to miss spending an afternoon in the sun enjoying her garden, but noted the suburb had changed a lot since she moved in.

While a growing array of restaurants had been a plus, she was a little sad that the greenery surrounding her home was becoming rarer.

Jellis Craig Whitehorse director Daniel Bullen said the sale had come down to a battle between a first-home buyer and someone planning to use it as a work premise.

“The person who bought it is going to run a dentist out of it,” Mr Bullen said.

But having four bidders in total turn up for the auction had come as a surprise.

“Because it is on a main road, we thought maybe it would sell for $900,000, less than $1m, but it just tipped over that line,” Mr Bullen said.

154 Station St, Box Hill South - for herald sun real estate

An open fireplace provides space for a cosy evening in cooler weather.


154 Station St, Box Hill South - for herald sun real estate

The three-bedroom home’s chambers could soon be used for dentistry.


The agent said he had been watching more homes selling in post-auction negotiations after passing in as buyers had been cautious of overpaying.

But with two homes attracting spirited bidding from multiple parties yesterday, he said there was a chance buyers were beginning to fear they wouldn’t have a home by the end of the year.

“If they want to get in and put a Christmas tree up, the next week is kind of the last chance,” Mr Bullen said.

“60 days from now gets you into late December.”


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: Harold Mitchell: Late ad guru’s $10m+ property portfolio getting broken up

T2 co-founder Maryanne Shearer puts waterfront Middle Park home up for sale

St Kilda: One of the area’s grandest homes could break suburb’s house price record

View More
  • 0 Comment(s)
Captcha Challenge
Reload Image
Type in the verification code above