Dream homes and knockdown pads get auction success in Hampton
Families flooded the Hampton market and pushed the prices of perfectly-positioned houses well above reserve at auctions at the weekend.
A large block at 75 Littlewood St in the sought-after suburb attracted five keen bidders.
The tired house on 634sq m changed hands for $1.896 million, soaring $146,000 past reserve.
RELATED: Eureka Tower architect-designed house a rare find
Luxurious Hampton house with four beach boxes hits market
Storybook-style home a character choice in Hampton
Buxton Sandringham director Richard Slade said every group who raised their hand had a similar plan in mind.
“It was hotly contested by five different families who all wanted to do a rebuild,” Mr Slade said.
“It’s a really good north-facing block of land, which is ideal for building a dream home in a popular part of Hampton.”
Other interested groups planned to renovate the existing property, but were priced out before the opening $1.65 million bid, he added.
Melbourne’s most expensive sale under the hammer was also in Hampton at 90 David St.
The modern and luxurious house sold for $2.54 million.
Mr Slade said the suburb had been home to some top results so far this year in Bayside.
“We’ve had a really good sales run recently and better success in the Hampton market this year,” he said.
“We sold a property at 7 Talbot St about two weeks ago, which really struggled on the market last year but has now sold really well.”
Nearby, another family home at 1 Grantham Court in Brighton will be renovated by a buyer, who bought the house within its $2.2-$2.4 million price guide for an undisclosed sum.
The property was the most popular viewed on realestate.com.au going to auction in Victoria last weekend.
Nick Johnstone director Nick Johnstone said the four-bedroom house had two bidders who pushed up the price across about eight bids.
“The buyers are local to the area and plan to move into it and do a renovation,” Mr Johnstone said.
“It was a popular house because it was in a great spot and it was very nicely presented.”
The property was in one of Brighton’s premier cul-de-sacs and offered single-level living and a huge street frontage, he added.
Brighton’s $2.3 million median house price is well above Hampton’s $1.82 million median. But Hampton is slowly catching up, with prices increasing 10.3 per cent over the past three years compared to Brighton’s sluggish growth of just 2.2 per cent in the same time.
SUBURB PROFILE: Hampton
READ MORE: Inside 50 Cent’s baller cut-price mansion
Rare vacant block for sale on Hawthorn’s Shakespeare Grove
Coffee family grinds out big sale from bank asset on cafe strip