Eight bidders smash reserve at Lalor auction
Eight ferocious bidders drove the selling price of a Lalor house $85,000 past its reserve at the weekend.
A determined Epping buyer won the keys to the four-bedroom house at 21 Prilep Heights that sold under the hammer for $975,000 on March 30.
More than 200 people turned up in the cold and rain to watch the bidders push the selling price well past the reserve.
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Ray White’s Tony Alessandrino said the fast and furious auction produced a great result for the sellers in today’s market.
“The bidding started at $650,000 and rose very quickly to $975,000,” he said.
“The owners are over the moon.”
The buyer had been on the hunt for his dream home for more than year and was one of 100 people to visit the home.
“Actually, he was the first person to see the property and ended up being the buyer,” Mr Alessandrino said.
“He was determined to secure it because he loved the quality and presentation of the house.”
The long list of inclusions was a major drawcard, with polished concrete floors, high square-set ceilings and a gas fireplace attracting buyers.
Stone surfaces, vinyl gloss-finish cabinets with LED strips, refrigerated cooling, plantation shutters and spotted gum floors added to the home’s appeal.
On a landscaped 506sq m block, the house features multiple living areas, including a theatre room and a teenagers’ lounge room.
There is a designer kitchen with a butler’s pantry plus a vast outdoor entertainment and recreation zone with a granite kitchen, barbecue and a solar-heated pool.
The sellers, who built the home about four years ago, were downsizing to an inner-city apartment.
Mr Alessandrino said quality-built homes with luxury finishes and inclusions were selling well in Lalor.
Cashed-up buyers were on the hunt for premium homes in the area, he said.
SUBURB PROFILE: LALOR
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