PASSED IN - $1,810,000

A short history of the property proceeded the auction of this Port Melbourne home. Auctioneer Gerald Betts explained to the crowd of around 65 that the 1923 home had been in the same family for some 50 years - a family who was once in charge of the local milk-run. With umbrellas at the ready, the crowd listened attentively as Mr Betts offered an opening vendor bid of $1,800,000. Unfortunately only one bidder jumped into action, offering $1,810,000 - not enough to buy the property, but enough to ensure he could enter into negotiations with the vendor post auction.

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