Inner-city period gems heading under the hammer this weekend
Buyers dreaming of breaking into the inner-city market have a chance this weekend, with well-priced period gems going under the hammer.
Houses and apartments in Melbourne’s sought-after lifestyle suburbs were the most viewed going to auction this weekend on realestate.com.au.
A two-storey Victorian at 257 Nicholson St, Carlton is the most popular property scheduled to sell on Saturday.
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Nelson Alexander Carlton North agent James Pilliner said a terrace with a $900,000-$975,000 price guide was a rare find in the area.
“I think buyers are identifying good value here, because picking up a house in Carlton for around $1 million is quite affordable,” Mr Pilliner said.
“It fills a void for many buyers who haven’t seen something like this come up in a while.”
Two or three young buyers are expected to raise their hand at auction, he added.
Nearby, a funky one-bedroom pad that was converted from stables at 35 Lygon Lane has also drawn in first-home buyers, with a $500,000-$550,000 price guide.
A charming Art Deco apartment at 1/1 Lambeth Place in St Kilda is also set for some hot competition.
The two-bedroom ground-floor apartment had a $530,000-$570,000 that was attracting first-home buyers, McGrath St Kilda agent Melanie Walden said.
The curved feature window around the front door was another highlight luring in buyers, she added.
“I expect this auction will go extraordinarily well and we’re expecting quite a lot of competition because it has some great features including a courtyard, period details and secure parking,” Ms Walden said.
Family-sized homes were also turning buyers’ heads, with a five-bedroom terrace at 25 Chetwynd St in West Melbourne selling with a $1-$1.1 million price guide.
Richmond is set to be the busiest auction suburb this week, with 21 houses set to go under the hammer, according to CoreLogic. The most popular of those is at 7 Melrose St, which is a family-sized home with a $1.45-$1.55 million price guide.
Hocking Stuart Richmond agent Daniel Atsis said he’d be very surprised if the large block did not sell under the hammer, after plenty of interest.
There are 891 auctions scheduled in Melbourne this week before a lull over the Easter break.
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