Renovation sets price benchmark for family home Belmont pocket

An extension delivering contemporary living to a Belmont address was rewarded in a sale that’s set the price benchmark for the neighbourhood.

The four-bedroom house at 25 Davis St, Belmont, sold after auction on June 7.

An extension delivering contemporary living to a Belmont address was rewarded with a post-auction sale.

The home at 25 Davis St, Belmont, sold for $1.19m after Saturday’s auction stalled at $1.16m and the property was passed in.

It’s the most expensive sale in the neighbourhood, and the second $1m-plus sale in the street, underlining the value of renovation existing homes in the area.

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Buxton, Highton agent Brad Verrall said the single bidder went inside and negotiated with the agents and vendors to secure the four-bedroom house.

“We had two other buyers that were engaged in the property from the offset, but didn’t put up the hands,” Mr Verrall said.

“We suspect they wanted to buy it, but when in a position to bid at auction.”

The contemporary kitchen is the centrepiece of the open living zone that extends to an enclosed outdoor room.

A bold wall is a feature in the main bedroom, which was a walk-in wardrobe and ensuite.

The weatherboard house sits astride the 728sq m property with a side driveway leading to a garage at the rear.

Mr Verrall said the buyers were a family upsizing to a bigger home.

“It was a really nice renovation, a front to back extension,” he said.

“The owners have been there for a number of years now and have being chipping away at the reno.

“The bulk of it was done probably seven or eight years ago but it presents really tidy, and there’s no cent left to spend on that place.”

An open fireplace is a feature in the front living room.

A freestanding bath and in-situ shower feature in the updated bathroom.

All the work has been done to create the four-bedroom home with an elegant kitchen with stone benchtops, a main bedroom suite with a walk-in robe and ensuite, two spacious living areas and an enclosed outdoor room.

The house, located between High St and Reynolds Rd, is close to McDonald Reserve, with Belmont High, Christian College, and Clairvaux and Bellaire primary schools within walking distance.

The owners paid $242,000 for the property in 2008 before launching the extension and renovation in 2013.

It had been listed with $1.1m to $1.2m price hopes.

Belmont’s median house price has reached $706,000 in May, according to PropTrack data.

Originally published as Renovation sets price benchmark for family home Belmont pocket