Coronavirus: buyers bag Coburg North townhouse despite economy concern

Coronavirus: buyers bag Coburg North townhouse despite economy concern nmprofetimg 1405
1B Convent Court, Coburg North - for herald sun real estate (1)  Coronavirus: buyers bag Coburg North townhouse despite economy concern capi f2b8a0c2b6a28621b026a2137587bae2 3d24220d3083ac8c98df7ce01af9ebb6

1B Convent Court, Coburg North, sold for $807,000.

An uncertain economy has weighed on the minds of homebuyers in Coburg North. But it didn’t stop them pushing a townhouse $67,000 past its reserve.

Six bidders emerged from a loose crowd of 40 to pursue a three-bedroom townhouse at 1B Convent Court.

After a $680,000 vendor bid got things rolling, rapid bidding passed the $740,000 reserve and drove the home to an $807,000 sale.

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1B Convent Court, Coburg North - for herald sun real estate (1)  Coronavirus: buyers bag Coburg North townhouse despite economy concern capi f2b8a0c2b6a28621b026a2137587bae2 600745b4966aed3c2e9fde0dd4e8bc74

The townhouse has impressive park views from its front balcony.

Maya Graham and Matthew Aston won the keys.

They said they had been nervous about bidding due to uncertainty in the economy caused by COVID-19, but were happy to end their four-month search.

“This week is the first week we have been conscious of it (COVID-19 safety measures), and we did have some reservations,” Mr Aston said.

“But we set a conservative limit. Fortunately it all worked out.”

1B Convent Court, Coburg North - for herald sun real estate (1)  Coronavirus: buyers bag Coburg North townhouse despite economy concern capi f2b8a0c2b6a28621b026a2137587bae2 78f3c0fe222d6b9b55afc02841b42337

A modern kitchen was among the features that appealed to the buyers.

The pair, who both work nearby, are upsizing from a unit in Brunswick.

“We had looked at a few, but this was the first we had a serious go at,” Mr Aston said.

Barry Plant auctioneer Jarrod Crouch said having six bidders in a crowd of 40 was a “good strike rate”.

1B Convent Court, Coburg North - for herald sun real estate (1)  Coronavirus: buyers bag Coburg North townhouse despite economy concern capi f2b8a0c2b6a28621b026a2137587bae2 b645bd7c2a838b553033ad8cc3ec9906

Open-plan living spaces and plenty of natural light heightened the home’s appeal.

“But it was pretty much mostly interested parties today,” Mr Crouch said.

“Six bidders is slightly higher than normal. But I’m not surprised buyers are still active — compared to this time last year, when no one could get money, it is much better.”

1B Convent Court, Coburg North - for herald sun real estate (1)  Coronavirus: buyers bag Coburg North townhouse despite economy concern capi f2b8a0c2b6a28621b026a2137587bae2 bcfcca585776ec2e55b4292e65659547

The home’s two bathrooms come with contemporary flair.

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