The Brunswick East sale the made ‘everyone in the street’ happy
Heritage overlay stood in the way of a bigger sale of this Brunswick East period home, according to its agent.
The double block, double-fronted home “in a very tired condition” at 92 Hickford St sold under the hammer for $950,000.
Down from Nicholson St, another longstanding home at 201 Weston St
, Brunswick East sold on reserve for $1.155 million.
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Jellis Craig Brunswick agent Rob Elsom said the majority of buyers for the protected Hickford St home were builders looking to renovate.
“The property has heritage overlay on the front … as the council don’t want brand new townhouses that don’t fit in the streetscape,” he said.
“But there’s no doubt it would have sold for a lot more if the (buyers) were allowed to knock it down.
“The buyer was a local builder who will (develop) a lovely family home. They spoke to the council about renovating the house, and will be looking at that over the next few weeks.”
Mr Elsom said there were five people on the day looking to secure the property, and two bidders in the end.
The home, which was “almost uninhabitable and hadn’t been lived in for a number of years” passed in at about $930,000 before selling for $950,000.
Mr Elsom said the vendor decided there was too much work to be done, and would move to something without the heartache.
“Everyone in the street knew about the property, and are very excited that it will be fixed up,
“The buyers plan to live in it in the future.”
A five-minute drive away, mostly young professional couples competed over the double-storey home at 201 Weston St.
The home was on the market for the first time in more than 70 years.
Nelson Alexander agent Jonathan West said the vendors were looking to downsize.
“There was one bid of $1.1 million, the property passed in and sold about 10 minutes later for $1.155 million.
“The buyer was a young couple attracted to the location, size, period style and flexibility to add parking at the back end.
“It is exceptionally liveable … and all the rooms are in the right places.”
At the front of the home are two bedrooms with built-in wardrobes, while the lounge room, kitchen and meals area are at the rear.
There is also a retreat room with plenty of natural light and a garage or workshop, while the second-storey extension features two more bedrooms that share a bathroom.
Mr West said the vendors weren’t particularly emotional about the sale.
“They were happy to see it go to a young couple,” Mr West said.
“It is a terrific property in a great street, and the buyers can still add value to it.”
Other properties that sold in Brunswick East over the weekend include 207 Blyth St for $1.09 million, 222 Edward St for $755,000 and 2/2 Albion St for $466,000.
No. 4/269 Nicholson St passed in for $500,000.
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