Grandma's house fetches motzah under the hammer

A grandmother's home for 62 years has fetched a whopper sum at auction, with tears all round from the young couple who searched seven months for it as well. PLUS MORE AUCTION RESULTS ACROSS BRISBANE

The young couple who successfully bid for 15 Victoria Street (left) with the seller's family (right).

A grandmother's home for 62 years has fetched a whopper sum at auction, with tears all round from the young couple who searched seven months for it as well. Over 70 properties are being auctioned off across Brisbane today, with millions changing hands already.

15 Victoria Street, Kelvin Grove

3 Bed 1 Bath 2 Car 304sq m

Agent: Tamara Lee Ray White Ashgrove 0421767034

A three-bedroom house in original condition in high demand Kelvin Grove saw tears aplenty by the families of both buyers and sellers, for one party ending a long search for a dream home and for the other ending an era of loving hugs at Grandma's house.

Marketed as "lovingly maintained and ready for a new family to call home", the property attracted 12 bidders keen to grab a piece of a hot school zone, according to agent Tamara Lee of Ray White Ashgrove.

"It's been Grandma's house for the last 62 years. A phenomenally gorgeous family," she said. "We had 12 registered bidders on that property."

"The reserve was $820,000 which was our highest offer prior to auction, and we sold it for $937,000."

15 Victoria Street, Kelvin Grove, sold under the hammer for $937,000.

Tears flowed when the young buyers were confirmed as the successful winners of the auction.

"They're owner occupiers that have been bidding solid for nearly seven months," Ms Lee said. "They could not have been more delighted. They had their whole family with them. It was just beautiful".

Ms Lee said the market was moving fast. "Two weeks earlier the neighbouring property at 11 Victoria Street sold for $900,000 on 25 per cent bigger land so we smashed it today."

 

UPDATE: 1021 Waterworks Road, The Gap

5 Bed 2 Bath 4 Car 974sq m

Agent: Jack and Stephen Dangerfield 0435779846 McGrath Estate Agents Paddington

A dual living home on a large block has sold at auction for $805,000 at The Gap.

Directly across from The Gap State High School and The Gap Shopping Village, the site is less than 10km from the Brisbane CBD offering a range of possibilities to the buyer.

Among its charms are timber floors and a pot belly fireplace, and the property has a large inground pool.

 

6 Best Street, Brighton, sold for $750,000 at auction.

6 Best Street, Brighton

3 Bed 2 Bath 4 Car 1,088sq m

Agent: Tamara and Mark Wecker 0417754207 and Sydney Murphy 0408956184 RE/MAX Property Shop Sandgate

One of the most exciting properties going under the hammer Saturday was a giant 1,088sq m block with a three bedder on it in hot waterfront suburb Brighton in Brisbane's north.

On the market for the first time in almost six decades, the property was marketed as having "unlimited potential".

Three bidders were drawn to it with the property eventually selling at auction for $750,000.

"Blocks of this proportion are all but extinct locally, and the few which do still exist are tightly held and almost never released for public sale" was how agents described it.

 

25 Sellheim Street, Grange, sold at auction for $1.87m.

25 Sellheim Street, Grange

4 Bed 2 Bath 2 Car 810sq m

Agent: Alistair Macmillan 0410636221 and Sam Hagen 0406630635 Ray White Wilston

A classic 1930s Queenslander on a 810sq m block attracted 14 bidders to what agents considered as a house that's usually so tightly held it's "virtually impossible to secure".

Ripe for renovation and with splitter block possibility the property sold for $1.87m.

"The home is in good condition and can be lived in now, however you could also embark on a full scale renovation and turn this modest home into the suburbs finest," was how agents described it.

The property is close to Kedron Brook, Grange Library Park and walking distance to local primary schools.

 

75 Oxley Street, Acacia Ridge, sold under the hammer for $463,000.

75 Oxley Street, Acacia Ridge

3 Bed 1 Bath 2 Car 637sq m

Agent: Bevin Powell 0405650609 and Sam Menary 0411153655 Ray White Annerley

A three bed weatherboard home on a large block has sold under the hammer for $463,000 in Acacia Ridge, a market that realestate.com.au classifies as being "very high demand" with over 937 views per listed property.

Agent Bevin Powell of Ray White Annerley saw seven registered bidders at the auction.

"It sold $33,000 above reserve," he said. "First home buyers from Moorooka."

The bidders had waited patiently for the auction which was delayed last week due to Covid-19 restrictions.

The median house price in Acacia Ridge at present for three bedders is $430,000, according to realestate.com.au. The property is close to a local shopping centre and Grenier Park, with a bus stop and Souths sports club walking distance away.

 

20 Plant Street, Ashgrove, sold under the hammer for $1.56m.

20 Plant Street, Ashgrove

4 Bed 3 Bath 2 Car 405sq m

Agent: Tamara Lee Ray White - Ashgrove 0421767034

A seller who held out when tempted with a best offer of $1.35m prior to auction has managed to get $210,000 more under the hammer as owner occupiers came out in force for Brisbane house auctions.

This property was always going to be highly contested given the high offer made prior to auction ($1.35m) and the fact that 60 groups came through during the four week campaign.

It sold under the hammer for $1.56m after 16 bidders registered, with agent Tamara Lee of Ray White Ashgrove very pleased the owners decided to stick it through to auction.

Sixteen bidders registered for a chance to buy 20 Plant Street, Ashgrove.

"We had just on 60 groups through that property in the last four weeks and the auction was set to the fourth saturday, so that's one in three that participated in bidding for auction. It's phenomenal."

Ms Lee said given the highest formal offer prior to auction was $1.35m "it pays to go all the way" for sellers. "Quick is not always the best, competition will give the seller the best price."

"We had only one buyer that was outside of Brisbane, based in Sydney, but everyone else was local to Brisbane. The actual purchaser was an investor but only for 12 months due to their own personal circumstances but they do live locally. Over 70 per cent were owner occupiers."

Ms Lee's advice to those hunting for property in the current hot market was "put your blinkers on and run your own race, stay strong".

 

12 Eucalyptus Street, Boondall, sold for $570,000 under the hammer.

12 Eucalyptus Street, Boondall

3 Bed 1 Bath 2 Car 607sq m

Agent: Alexandra Porter (0434569043) and Marija Ivanovska (0434569043) of Coronis North

Located in one of the hottest middle ring suburbs in Brisbane - where the median time on market sits at just 13 days - this home was perfect for renovators, builders or those with a tradie background looking for a quick fixer-upper or even a knock-down-rebuild project. 

It attracted 10 registered bidders to auction, but only one person ended up bidding on the property, with rest holding back after a knockout opening offer of $540,000. 

Auctioneer Justin Nickerson took instructions from the seller of the entirely original home, with it eventually selling for $570,000 under the hammer.

Realestate.com.au shows the median house price for three bedders in Boondall was $577,500 two weeks ago. Formerly known as Cabbage Tree Creek, the suburb has seen prices rise 21.1 per cent in the past five years, according to CoreLogic.

 

14 Cowper Street, Bulimba, sold for $1.055m at auction.

14 Cowper Street, Bulimba

3 Bed 1 Bath 1 Car 405sq m

Agent: Tony O'Doherty Belle Property Bulimba 0466442674

A lowset postwar character cottage in Bulimba - on the market for the first time in 20 years - attracted six bidders to auction.

With strong development potential - subject to council approval - located just 300m from Apollo Road Ferry Terminal, the property is unsurprisingly now a million-dollar proposition, selling under the hammer today for $1.055m.

The sellers had bought the cottage for just $216,000 in late 2000, and the highest rent they had managed to get for it was $480 a week in current condition.

 

27 Market Street, Newmarket, sold for $1.815m at auction.

27 Market Street, Newmarket

5 Bed 3 Bath 2 Car 701sq m

Agent: Debora Sutton 0433252189 and Troy Hillier 0423789137 SPACE Property Ashgrove

Five bidders turned out for the auction of this renovated Queenslander in Kelvin Grove State School catchment.

Bidding started at $1.6m for the property which has a large rear entertainment deck, sparkling inground pool and landscaped gardens.

The property sold at auction for $1.815m, via auctioneer Justin Nickerson.According to CoreLogic records, the sellers had bought the property for $645,000 13 years ago and it has fetched rent of $1,150 a week for them as recently as last year.

 

46 Whitworth Road, Cannon Hill, sold for $970,000 at auction.

46 Whitworth Road, Cannon Hill

3 Bed 1 Bath 1 Car 620sq m

Agent: Tony O’Doherty Belle Property Bulimba 0466442674

A whopping 17 bidders turned up to claim this solid three bedder brick home with loads of potential for growth and redesign. Auctioneer Justin Nickerson of Apollo Auctions handled the bids which opened at $800,000 then moved to $850,000, $870,000, $880,000, $900,000, before jumping in $10,000 increments to $940,000.

Bidders then fought it out in $5,000 amounts before "a crazy price" of $970,000 became the winning bid.

The property was said to be perfect for renovation and redesign, generating strong interest from families looking for a foothold less than 10km from the Brisbane CBD.

 

36 Frasers Road, Mitchelton sold under the hammer for $697,000.

36 Frasers Road, Mitchelton

3 Bed 1 Bath 1 Car  607sq m

Agent: Meghan McVeigh Ray White - Alderley 0407165421

With strong owner occupier demand in the Mitchelton area, this property attracted strong interest from families, with agent Meghan McVeigh of Ray White Alderley seeing over 40 people attend, with four registered bidders.

The home sold under the hammer for $697,000, off a motivated seller who had picked up the postwar corner block home for $320,000 18 years ago.

“The market is moving in Mitchelton and many buyers are looking to obtain a home in a high family valued area,” Ms McVeigh said. “We had a successful marketing campaign and a very motivated seller. A short three week campaign with a Covid lockdown interruption and we still managed a fantastic result.”

 

16 Denman Street, Greenslopes, sold for $1.755m under the hammer.

16 Denman Street, Greenslopes

7 Bed 4 Bath 4 Car 809sq mBlock Of Units

Agent: Denis Najzar 0438457599 and Melanie Swindells 0432200464 of Place Woolloongabba

The block of four units close to Greenslopes Private Hospital fetched $1.755m under the hammer with seven bidders registered.

“It sold for $1,755,000, a lot of buyers looking for this type of asset,” Mr Najzar said. 

“A local buyer bought it. Went on the market at $1,730,000 and then another buyer joined in at $1,740,000 and bidding finished $1,755,000.”

 

Originally published as Grandma's house fetches motzah under the hammer