A family has splashed more than $1m on a house in Melbourne’s inner north with plans to demolish and rebuild, after being won over by the ultra cool neighbourhood.
The three-bedroom weatherboard home at 23 Gooch Street, Thornbury, was described as ripe for renovation or as an ideal knock down and rebuild – subject to council approval – in its online listing, and was advertised with a $1.15m-$1.2m asking range.
Set on 381sq m, it features period details, timber floors and decorative ceilings.
RELATED: Thornbury: Near-knockdown home gets its entire back half cut off in renovation
Northcote: Homeowners invite architect and family to move in as they complete reno
Fashion designer Stevie Cox’s Northcote home sells well above reserve price
Woodards Northcote Thornbury director Mario Butera said four interested buyers attended the auction but only one group ended up bidding.
Although the house passed in on a $1.05m bid, a quick negotiation after the hammer came down resulted in a $1.15m sale to the new owners.
“They are building a new home for their family,” Mr Butera said.
“The house is next door to Jones Reserve, it’s a lovely home to have a park next door, and they love the location near the coolest street in the world, High St.”
Global publication Time Out named High St in Northcote, Thornbury and Preston the world’s coolest street for 2024, above addresses including Hollywood Rd, Hong Kong, Guatemala St, Buenos Aires, and Arnaldo Quintela, Rio de Janeiro.
“The house is only 300m to High St shops, trams and an array of restaurants, Mr Butera added.
Less than 10km away, a four-bedroom house at 6 Pardy St, Pascoe Vale, sold just a week after being listed earlier this month.
The owners renovated the abode, featuring an open-plan living and dining area with a gas log fireplace, kitchen with Bosch appliances and a butler’s pantry, and a barbecue kitchen in the landscaped garden, after purchasing in 2020.
Ray White Pascoe Vale’s principal Stefan Stella said the owners, a family, had fallen in love with a Macedon Ranges property and bought it, meaning they needed to sell their “showstopping” Pascoe Vale pad.
“On a Saturday we had the first open home, the second on a Wednesday and it sold on the Friday,” Mr Stella said.
The house was scheduled to be auctioned on November 30 but a pair of buyers made an offer that was too good to refuse.
The property was listed with a $1.55m-$1.65m asking range but sold for $1.7m.
Mr Stella said a young couple snapped up the house.
He said that while it was not unheard of for an abode to sell within a week of being listed, it was unusual for a family-style home to do so – especially weeks ahead of an auction.
“There was a lot of happiness following the sale, the owners invited their friends and family over for a celebration,” he added.
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: Melbourne: Units in sought-after suburbs offer big discounts for first-home buyers
Sean ‘Diddy’ Combs finds buyer for LA ‘freak off’ mansion — half the asking price
Bass: Leading horse trainer Eric Musgrove selling Karasi Park training facility