On Saturday 11 May, the streets of Hallam buzzed with anticipation as the property known as 8 William Avenue, Hallam went under the hammer, showcasing the charm of a bygone era and the promise of a bright future.
Hosted by sales agents Zino Rebello and Todd McKenna of First National Real Estate Neilson Partners, the auction drew a remarkable crowd of potential buyers and curious neighbours, all eager to learn who would become the proud owner of this gem.
Nestled on a generous block of 733m², 8 William Ave is the perfect renovation project. With its classic three bedrooms, one bathroom, and two-car spaces, the home exudes character and opportunity with the bonus of hardwood floors under the carpet, waiting to be revealed and restored to their former glory.
The perfect renovation project
Auction day was nothing short of exhilarating, with excitement filling the air as Auctioneer Rik Rushton got to work and bidding commenced. Priced between $650,000 - $690,000, the home was ready for its new chapter.
Three families initially vied for the chance to call 8 William Ave their own, each eager to secure their slice of Hallam's charm. However, just as the auction seemed to be winding down, a fourth bidder emerged, injecting fresh energy into the competition.
As bids soared and tension mounted, it was clear that 8 William Ave, Hallam had captured the hearts of all present. In the end, the hammer fell at a remarkable $723,000, a testament to the desirability and potential of this Hallam treasure.
Crowds gathered for the auction at 8 William Road Hallam
The successful bidder, an investor with a vision for renovation, emerged triumphant, ready to breathe new life into this beloved property. Their commitment to revitalizing 8 William Ave ensures that its legacy will continue to grow and evolve for years to come.
Daniel Butkovich for Realestate.com.au recently named Hallam as 'Number 5 Booming Yet Affordable' suburbs in Melbourne where prices have surged.
Coming in below other south-east suburbs, Junction Village #1 and Doveton #4, Hallam was recorded with a median house value of $722,183 with a YoY change of $21,540 (3.1%). With all amenities close by and within easy access to the M1 Freeway Hallam is a desirable location for first home buyers, investors and families alike, so the exceptional result of this auction came as no surprise to selling agent Zino Rebello who said “Hallam has been thriving with buyers and sellers. The demand from buyers has been pushing prices beyond expectations showing why Hallam has been outperforming other surrounding suburbs. Buyers are constantly working with me to find their next home in Hallam”.
At First National Real Estate Neilson Partners, we are thrilled to have facilitated such a phenomenal result for both our sellers and buyers. If you're considering your next move in the property market, whether buying, selling, or investing, we invite you to start the conversation with us today. Our experienced team of real estate agents and property managers are here to provide valuable advice and guidance, ensuring that you make informed decisions every step of the way.
Don't wait any longer to realize your property dreams. Contact First National Real Estate Neilson Partners today and let's make your vision a reality.
