An extra $50 scores a young couple their new Cheltenham home under the hammer

An extra pineapple was all that was needed to secure a young couple’s new home in Melbourne’s southeast at its Saturday morning auction. SEE MORE.

1A Wallingford St, Cheltenham sold under the hammer on Saturday.

An extra $50 was all that was needed to secure a young couple’s new home in Cheltenham at its Saturday auction.

The two-bedroom townhouse at 1A Wallingford St was listed for $870,000-$920,000 and sold for $60,500 above the top end of its price range when it went under the hammer, selling for $980,500.

Ray White Bayside agent Trevor Bowen said the final three bids from the two bidding parties were $100, $400 and $50, with the latter offer winning the auction for Andrew and James as well as their dogs Evie and Theo.

RELATED: Chadstone family auctions off Armadale abode

Surprise suburbs where Victorians have paid off their homes

‘Ridiculous’: MAFS bride’s wild $2.7m claim

“The lovely young couple who purchased it also had their parents out from the United Kingdom to help them with their home search,” Mr Bowen said.

“They’d missed out on three homes before, so it was lovely for them.

“This home is on its own title is in the golden triangle; close to shops and transport.”

Bidding for the abode started strongly with a $900,000 offer from the winning party, followed by another 19 bids which rose in$50-$10,000 increments.

The spacious living zone with a fireplace.

The light-filled kitchen and dining area.

Mr Bowen said the couple pulled out of the auction twice, but after he spoke to them, all it took was an extra $50 to secure the Cheltenham digs.

He added that the residence was located in quite a desirable area which had produced some strong sales results since the start of the year.

“There’s definitely more positivity in the air with the interest rate cut,” he said.

“We’re seeing multiple bidders, and we’re exceeding reserve (prices).”

Mr Bowen said the sellers wanted to upsize because they had two teenage boys and needed a three bedroom abode.

The private courtyard.

The residence spans two levels, with two bedrooms — including the main with an ensuite — as well as a study and separate bathroom upstairs.

Downstairs, there’s a large living room with a fireplace, open plan dining and kitchen area, a powder room and a separate laundry.

The kitchen is fitted with stone benchtops, a built-in buffet, wine fridge and stainless steel appliances.

The abode is also moments from the train station, Southland Shopping Centre and Cheltenham’s main shopping strip.

---

Sign up to the Herald Sun Weekly Real Estate Update. Click here to get the latest Victorian property market news delivered direct to your inbox.

MORE: Bentleigh apartment sells under the hammer

They’re all wrong: RBA to cut rates again

No-go zones: Aus’ riskiest suburbs exposed

[e-mail]

Originally published as An extra $50 scores a young couple their new Cheltenham home under the hammer