Bentleigh apartment sells under the hammer after three buyers go head to head

Mutliple first-home buyers trying to get a foot into the property market fought for a two-bedroom apartment in Melbourne’s southeast, ending in a big result. SEE MORE.

3/10A Eddys Gr, Bentleigh sold under the hammer.

A Bentleigh apartment has sold for more than $40,000 above the top of its price range in its midweek auction.

The two-bedroom apartment at 3/10A Eddys Gr in Melbourne’s southeast was listed for $560,000-$600,000 and it sold for $641,000 on Wednesday.

One first-home buyer offered just above $600,000 prior to its scheduled auction, which was meant to be on April 5.

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After all other interest parties were notified of the offer, this brought the auction forward to March 26 where two other first-home buyers threw their hats into the ring.

The two-bedroom apartment tucked at the back of the block.

The cosy living and dining area.

Buxton Bentleigh director Ivan Blow said once the auction was finished, the final offers of the three buyers were within just $1500 of one another.

“It just goes to show the demand for good quality, older style apartments, particularly with courtyards,” Mr Blow said.

“These older style apartments, they’re always well received. A lot of the new stuff makes people nervous.

“This one was a group of six, and it was in a very nice heritage street. So it really was quite unique.”

The light-filled living zone.

One of two bedrooms.

He added that there’d been a bit of an uptick in demand in March, with the recent interest rate cut encouraging people to get into the market if they were ready to buy or were wanting to buy a home.

“They’re probably sharing a belief that you’re better off buying now than in six months time, because we probably will see some further growth,” he said.

The ground-floor apartment has a north-facing kitchen fitted with stainless steel appliances and double glass sliding doors that open out to the lounge and dining area.

There’s also a large courtyard spanning 55sq m, and the unit is in a block of just six.

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Originally published as Bentleigh apartment sells under the hammer after three buyers go head to head