After going under the hammer at an exciting Auction on Saturday 3rd February 2024, 31 Charles Avenue, Hallam has found its new owners.
Originally hitting the market with a price range of $680,000 to $730,000, the property embarked on a transition begining with a private sale campaign and culminating in an auction campaign which set the stage for an eventful four weeks of showcasing the meticulously maintained family home.
Immaculate family home at 31 Charles Avenue, Hallam
"Throughout the duration of the campaign, the property attracted substantial attention, drawing in numerous potential buyers who were keen on exploring its potential," said listing agent Zino Rebello.
"31 Charles Avenue, Hallam went to market in its original condition with a classic three bedroom layout, timber detailing and Axminster carpets, with timber flooring underneath. Although needing a little TLC the property is in excellent condition for its age, boastsing a double carport plus oversized double garage, water tanks, shedding plus more on a large 809m² allotment with the added bonus of potential for future subdivision (STCA)," Zino says.
During the Auction campaign, there were two open house inspections per week plus an array of private inspections as the property garnered significant interest from developers eyeing redevelopment opportunities and investors seeking to renovate and lease out or resell to make a profit.
On auction day, the anticipation was palpable with approximately 30 eager parties gathering to wait and see what the outcome would be. As the bidding commenced, the initial offers aligned with the low-mid end of the price guide, setting the stage for a competitive bidding war. With a total of three enthusiastic bidders vying for ownership, the auction saw a gradual escalation in bids, surpassing the initial price range.
Ultimately, the auction culminated in a remarkable outcome, with the winning bid settling at an impressive $792,000.
This exceeded even the expectations of the property's owner, reflecting the robust demand and competitive nature of the auction process. Surprisingly, the successful buyers turned out to be owner-occupiers, looking forward to moving in and enjoying the charms of their new home.
The successful auction of 31 Charles Avenue stands as a testament to the demand of the current property market and the effectiveness of another well-executed campaign by First National Real Estate Neilson Partners. It also shows the appeal of Hallam as a desirable residential location, with bigger blocks and potential for development.
A successful auction campaign by sales agent Zino Rebello
We’re so thrilled for our owners and the amazing result achieved, and can’t wait for the happy buyers to move in and enjoy making memories for years to come.
If you’re thinking about selling your home in Hallam or surrounding suburbs, start your property conversatuion today and get in touch with our friendly team at First National Neilson Partners Narre Warren to receive valuable advice on where you currently sit in the property market.
