The auction of the historic house ar 17 Chapman St, North Melbourne, went “ballistic”.
A dedicated dog owner is ready to build a new home after parting ways with their Malvern town for $1.29m on Saturday.
The Agency’s Georgia Ackroyd said her agent was keen to buy a large multi-pet property.
“Now that their property has been sold, we will try to find them something with a backyard,” said Ms. Ackroyd.
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Of the four who registered for the auction, three ended up winning the keys.
Although the three-bedroom home won with a bid just under $1.275m, it sold to the highest bidder following negotiations after the hammer fell.
“The new owner is an investor who will be putting the property on the rental market,” said Ms Ackroyd.
“And the seller is booming and very happy with the result.”
![20 Norfolk Place, Malvern - herald sun real estate](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 1280 720"%3E%3C/svg%3E)
20 Norfolk Place, Malvern, has been sold to a Melbourne-based investor.
Features of the three-level townhouse at 20 Norfolk Place include two bathrooms, a powder room, and double doors that open to the balcony and yard.
The residence was built on the grounds of the former Stonington Mansion which sold for $52.5m in 2018.
This 1890 mansion was originally built by Cobb and Co coach partner John Wagner and later served as Victoria’s Government House until 1931.
After the last sale of the mansion, some of the surrounding area was divided to build new houses.
Malvern town is close to Menzies Reserve, public transport, schools and the shops and restaurants of Glenferrie Rd.
Another piece of Victorian history changed hands on Saturday with the sale of a circa 1868 house at 17 Chapman St, North Melbourne.
Gianni Fazzari of Belle Property said the four-bedroom property, called Glengariff, has been in the same family for thirty years.
Its previous owners included George Evans, who worked as town clerk in North Melbourne when it was known as Hotham, before 1887.
The house at 17 Chapman St, North Melbourne, is home to North Melbourne Primary School and University High School.
Mr Fazzari said the sale was very emotional for the owners whose grown children attended the auction.
Bidding between the two groups of buyers was calm to the point of “ballistic” after the $1.92m offer, near the upper end of the $1.8m-$1.95m range.
The home was eventually sold to a family with young children for $2.1m.
“North Melbourne is famous for its low property value,” Mr Fazzari said.
“And getting something like this with four bedrooms, two bathrooms and a backyard is almost like buying acreage somewhere else.”
A house in North Melbourne, called Glengariff, offers green views.
In the east of the city, four buyers entered the auction of a house at 33 Kings College Drive, Bayswater.
Sam Sassoon of Ray White Ferntree Gully said the owners were downsizing after building their home 29 years ago.
It was put on the market for $1.1m and sold for $1.128m.
“Successful buyers are moving out of the city center and are moving up,” said Mr Sassoon.
The owners wept tears of joy when the gavel came down, he added.
He said the Reserve Bank raising rates in February did not have a major impact on the local market.
“If there is another rate hike or two, we may see it come then,” he said.
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