Ascot dream home sells at tense auction for $1.715m
Heads snapped from side to side as onlookers tried to keep up with who was bidding at a rapid-fire Ascot auction yesterday.
A crowd of about 30 gathered in the shaded yard of 23 Wren St about 10am Saturday morning, as five registered bidders battled for the five-bedroom character home.
Not long after Ray White auctioneer Philip Parker invited opening bids, a gentleman kicked the auction off with a strong $1 million offer.
However, it quickly got away from him, with bids of $100,000 flying back and forth to $1.4 million, before breaking down further to $50,000, $25,000 and $5000 bids.
In a matter of minutes, hearts were in the throats of bystanders and bidding stalled at $1.705 million.
After a short pause in the auction as Mr Parker and marketing agent David Treloar conferred with the vendors and the bidders, the property was announced on the market at $1.71 million, a bid that was held by a couple.
One last spurt of $1000 bids in a desperate attempt to secure the property proved futile for another bidder, as the gavel was dropped on a bid of $1.715 million to the couple.
Neighbours introduced themselves and congratulated the new owners, and Mr Parker told The Courier-Mail all parties were pleased with the result.
“The sellers are very happy and the buyers are over the moon as well,” he said.
“We actually auctioned the buyers’ property last year.”
Mr Parker said potential buyers had been drawn to the location, as the house was on a 556sq m corner block across from Oriel Park, as well as the low-maintenance style of the home.
New life had been brought to the house through renovations, with a lick of paint, a new kitchen and modern bathrooms, while retaining the character features of the home.
Polished timber floorboards flowed through the abode, with VJ walls upstairs, but a bedroom being used as an office is one of the most breathtaking areas of the house.
It had rich brown panelled timber walls, and a coffered ceiling, with a look you would expect of a Harvard law professor’s home office.
Property records show the house last changed hands in 2007 for $1.1 million and CoreLogic data lists Ascot’s median house sale price at $1.6 million.
In Brisbane’s west, a house marketed by Brett Andreassen of Plum Property, at 325 Swann Rd, St Lucia, sold under the hammer for $1,128,800.
Plum Property’s principal Daniel Lee also had 49 Gregory St, Taringa, sell at auction for $960,000.