Coburg house with Victorian charm proves a family favourite at auction
Recycled materials proved a crowd-pleaser as a Coburg house sold $185,000 above reserve under the hammer yesterday.
Boasting bricks from an old pillow factory and timber barn doors inspired by the historic Gilmours Milk Dairy, 42 Soudan St sold for $1.605 million. Five groups that were mostly local families placed over 40 bids, before an upsizing couple with two young children won the keys.
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The five-bedroom extended Victorian house had a $1.38-$1.45 million price guide before auction.
Nelson Alexander Coburg agent said a low-ball opening bid had the vendors worried about a “disaster” result.
“When the opening price was $1.2 million they nearly fell apart — they had a look of shock and horror, but it worked out really great,” Mr Shaw said.
“She was really hopeful of getting around the top of the range, it was over her wildest expectations.”
Mr Shaw said the competitive auction showed that upsizing families were playing a prominent role in the market. “There’s just a lack of properties of that size in our area generally, so it was really good to see that people are pretty active,” he said.
The property proved its family potential, as more than 20 children made use of a playground installed on the median strip in front of the house as the auction action played out.
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