Arts and Crafts Movement design leads to huge result in Northcote
A 1917 timber merchant’s home that took off with a $2 million starting bid has fetched $200,000 above reserve in Northcote.
The 67 James St property was a popular listing, drawing potential buyers with its Arts and Crafts Movement design and period details.
It had five potential buyers but only two raised their hands at the auction after a strong opening bid.
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The home with original details took less than 10 minutes to sell for just above $2.4 million, Nelson Alexander Northcote agent Roland Paterson said.
The four-bedroom home on 589sq m last sold for $295,000 in 1997, sale records show.
It was the family home of William C Neeland, who established a huge hardware store called Neelands Timber Merchant and features original timber panelling.
It had a $2-$2.2 million price guide and sold to local couple attracted to the size of the home, its views and the bonus self-contained studio.
“It had a lot of interest because there is a lack of supply in the area,” Mr Paterson said.
“The auction was the most competitive I have seen since 2017.”
Mr Paterson said the owners were downsizing and, while the property was not renovated, it was well maintained.
“The high quality timber panels were made from a very unusual grain, and we believe the self-contained studio at the rear is original. I can’t imagine there are too many studios dating back that long,” he said.
“The views are already impressive, but you would have phenomenal views of the Dandenongs if you extended at the back.”
It has a stunning facade with a wide entrance hall dressed in Fiddleback timber, a lounge room with an open fireplace and ornate leadlight windows, and large bedrooms.
French doors provide a seamless flow to the huge north-facing deck, terrace crafted with Castlemaine slate and landscaped gardens by Rudolf Peloza.
The studio features a generously-sized bedroom, kitchenette and bathroom and an oversized single garage.
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