The rare California bungalow on Bridge ST led to a bid war and sold for $ 4.51 million in the best auction result in Port Melbourne.
A Bungalow from Port Melbourne has destroyed the auctions of the weekend and sold for $ 4.51 million in the best result of Melbourne for the weekend after fierce bids.
The 75 Bridge ST -HIGHER good, a transformed Californian bungalow from the 1920s, was purchased in 2013 for $ 1.85 million and was more than doubled in just 12 years.
The result places it well above the current median house price of the suburb of $ 1,585 million, which emphasizes the power of the demand for prestige family houses in the inner pockets of the Bayside.
RELATED: Vic Auction Fever: Mansions Soar, Country Surprises
Melb Windy Hill Estate Sparks $ 2.6 million frenzy
Portelli Sparks Melb Auction Chaos
Marshall White Port Phillip director Justin Holod said that the sale was attracting a bright family competition and underlined how rare completely renovated properties of this scale were in the area.
“It really suited families, three families had a big crack,” said Mr. Holod.
“That competition is what pushed the price to an unprecedented level.”
Bidding was opened for $ 3.6 million before climbing the expectations well.
The Chef’s Kitchen is equipped with Bosch Ovens, Walk -in Pantry and an adapted hardwood bar.
Oversized kitchen flows into a dining room framed by striking wall-to-ceiling bookshelves.
The successful buyers are a family that moves from outside the area to Port Melbourne, who secure a home near the Bay, Transport and Albert Park College.
Mr. Holod described the house as a “one-on-ten year proposition”.
“Agents always throw around the words ‘rare opportunity’, but this one was real,” he said.
“You just don’t see any houses of this scale, renovated to this level, with a map and inclusions that worry every box for a modern family.”
Extensive living zones seamlessly connect with the entrance and the front door.
A private medialounge acts as a family cinema retreat.
The sellers, who had expected the result in a lower figure, were “over the moon”.
“It was an opportunity to get to the heart,” said Mr. Holod.
“Well -renovated houses like these are hard to find.
“Presentation is the key, and it is what distinguishes the very best houses.”
A panoramic roof terrace provides rare views of the first row on the Melbourne CBD skyline.
North-oriented Alfresco Deck and Garden create a private entertainment port.
These inclusions extended over five bedrooms and three bathrooms to a gym, Pilates Room, Dual Studies, Bosch devices, an adapted hardwood bar and a roof terrace with sweeping skyline view.
Heritage Leadlight windows were retained to mix the character with the contemporary style, while areas on the north-facing Alfresco and a landscaped garden added to his family treatment.
The history of the house adds a new layer of intrigues.
The house includes a special pilates and fitness studio – a rarity in Port Melbourne.
Skyline Outlooks extends over Melbourne from several vantage points of the building.
The block was once part of the Sandridge Lagune before the swamp was filled and subdivided into the late 1800s.
Now, more than a century later, the site has been reinvented in one of the most desirable addresses in the suburb.
Hotel-inspired bathrooms with double vanities, walk-in showers and premium finishes.
Five spacious bedrooms combine heritage leadlight charm with modern design and storage.
Register with the Herald Sun Weekly Real Estate Update. Click here To get the newest Victorian real estate market news directly on your inbox.
MORE: Resort-style Vic Home has river, 30 cars spaces
Next step in Porter Davis Legacy passes the parliament
How Melb Nurse Dream Home received for $ 200k
david.bonaddio@news.com.au
#Port #Melbourne #California #bungalow #sells #record #million #realestate.com.au