4 days ago
Mount Waverley home stuns with $2.33m auction result
A Mount Waverley home has fetched $2.33m after a six-way bidding war — smashing reserve by $280,000 — as desperate downsizers beat out younger families for one of the suburb's only move-in ready homes this weekend.
The single-level four-bedroom home at 38 Windsor Ave, was one of 16 properties to go under the hammer in the prized school zone on Saturday, but stood alone in offering a fully renovated, single storey move-in-ready lifestyle with pool, alfresco deck and luxe interiors.
Heavyside Boroondara auctioneer Steven Zervas said the campaign drew more than 80 inspections, with 30 people attending the auction and six active bidders vying for the keys.
Where Melb homes sell in 22 days
'Bidding opened at $1.9m, right at the bottom of the guide, and once it hit the $2.05m reserve it just didn't stop,' Mr Zervas said.
'We had really strong depth and competitive energy.'
Mr Zervas said the eventual buyers, a semi-retired couple who had been renting just around the corner after relocating from the UK had already missed out on two properties and weren't going to let this one go.
'The underbidders were also downsizers, and they were gutted,' he said.
'The rest of the competition came from younger families who were just as keen, this was a home that really crossed demographics.'
Featuring a deluxe kitchen with dual ovens, multiple living zones, a designer ensuite, and a seamless indoor-outdoor layout anchored by a salt-chlorinated pool, the home was marketed as a luxury family entertainer with zero renovation required.
'This was the only turnkey house on the market this weekend,' Mr Zervas said.
'Everything else that went to auction for this type of asset was a unit, townhouse or a knockdown.'
Mr Zervas said the result showed strong demand from buyers with 'zero appetite' for major renovations, especially among those chasing access to Mount Waverley Secondary College, Avila, Huntingtower and Wesley.
'With school enrolments on parents' minds, people are planning now, not waiting for spring,' he said.
'August and September are sweet spots.
'Once spring hits, your home could be one of 30 auctions on the same day.'
