Knox sellers reap windfall after auctions brought forward

Knox sellers reap windfall after auctions brought forward nmprofetimg 1604
6 Norman St The Basin  Knox Leader  Knox sellers reap windfall after auctions brought forward capi e7b8126e63d187a942e8e2ecc28d5f4f 804c5afd805c2d95d3bf2ca7bd39521e

6 Norman St, The Basin was a very popular listing and sold strongly under the hammer.

Anxiety and nerves due to hastily rearranged auctions have turned to tears of joy and relief for two Knox sellers.

Both had their scheduled weekend auctions brought forward to Tuesday evening in case a shutdown of auctions was imposed, which it now has been.

It ended well with multiple bidders turning up at both auctions conducted by Ray White Ferntree Gully agents.

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The extensively renovated house at 6 Norman St.

The bidding at 6 Norman St, The Basin drove it to sell $230,000 above the $1.1 million reserve in front of a 100-strong crowd.

There were five bidders, including one by phone, in the 15-minute auction.

“The vendors were in shock and didn’t expect such a result under the circumstances,” listing agent Michael Nguyen said.

“We were confident because we had buyers lined up and ready to bid although we had to move the auction forward.”

6 Norman St The Basin  Knox Leader  Knox sellers reap windfall after auctions brought forward capi e7b8126e63d187a942e8e2ecc28d5f4f 672f2a889b75e9ee8bd0de0855fcbd38

The glamorous and spacious gourmet kitchen.

The auction started with a cheeky low bid of $650,000 but rose quickly and sold to a buyer’s representative on behalf of a Glen Waverley family.

The Norman St home had been renovated and extended to offer large living spaces and resort-style outdoors.

It had more than 100 groups at the inspections and was the highest sale in the suburb this year, sale records show.

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The impressive family living area with pool views.

“There are still buyers who need to buy and also those who have to sell,” Mr Nguyen said.

At 19 Ophelia St, Ferntree Gully, the vendor, who was worried about the change in the auction date initially, had tears of joy at the end.

The three-bedroom house on 792sq m sold for $825,500 — more than $85,000 above the reserve of $740,000.

19 Ophelia Street Ferntree Gully  Knox sellers reap windfall after auctions brought forward capi e7b8126e63d187a942e8e2ecc28d5f4f 53d868aa26c20ba8bc05cc33c5a6168f

The three-bedroom 19 Ophelia St home had more than 10 potential bidders.

It attracted seven bidders with another five missing out on the bidding, listing agent Daniel Nik said.

“It was hard work to change the auction date as we had to contact all the interested buyers,” he noted.

19 Ophelia Street Ferntree Gully  Knox sellers reap windfall after auctions brought forward capi e7b8126e63d187a942e8e2ecc28d5f4f 8f4d0e2d99d0a1cc93b1fa6f21a0f8b2

The open-plan dining and living area.

The property was “priced well” and sold to a local first-home buyer.

“The result shows the market is still strong with keen buyers despite the uncertainty,” Mr Nik added.

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