Yarraville home of Blues assistant coach sells at auction for $1.08 million
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Key points
- First home buyers beat an investor for the keys to a Yarraville home.
- An unlivable West Footscray house sold in post auction negotiations.
- There were 979 auctions scheduled for Saturday.
Property listings
A Yarraville house owned by Carlton Football Club assistant coach Ashley Hansen sold for $1.08 million at auction on Saturday.
The two-bedroom house at 5 Hance Street was listed with a quoted price guide of $950,000 to $1,025,000. Jas Stephens executive chairman Craig Stephens had the sale.
He said the home’s rare, two-car off-street parking was a draw for buyers. Two bidders contested the auction, Stephens said, adding that other interested parties had attended and not bid.
“They didn’t get a chance to bid because it took off quite quickly, it went from a grassfire to a bushfire,” he said.
Bidding opened at $950,000 and reached the reserve of $1.04 million in no time at all, Stephens said.
It sold to a first home buyer couple, who beat an investor bidding through a buyers’ advocate. He said Hansen was selling to find a larger home for his growing family, and had been supported by some Blues players at the auction.
It was one of 979 auctions scheduled for Saturday.
In West Footscray, a house which had its kitchen destroyed by squatters sold in post auction negotiation. The unlivable two-bedroom house at 80 Ashley Street had peeling cladding, sinking floors and holes in the walls.
Ray White Seddon director and listing agent Peter Gindy listed the home with a price guide of $550,000 to $600,000, after previously trying to sell the home with a price guide of $750,000 to $850,000 in August.
It was lowered to $600,000 to $650,000 during that campaign, but did not sell at auction. Gindy said the home’s poor state had lowered its value, because of the need for extensive renovations or a complete demolition.
“We’ve had a lot of people who are worried about getting [a] subject to finance [condition on the sale contract] because they don’t think the banks will come in and value it at what they’re paying for it, because of the condition it’s in,” he said.
“That’s the biggest problem we’ve had … it’s just the condition of it.”
The auction began at $400,000 – well below the price guide. Nearly 35 bids were traded between four bidders, two of whom were on the phone, and it passed in at $597,000 to an owner-occupier couple.
They paid $610,000 in post auction negotiations.
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