oc | Monday 30th March

Bayside/Port Phillip, Port Phillip



Port Phillip Weekly

This week in Port Phillip two very different properties got the heart fluttering – the first was an old bakery at 201 Liardet Street in a managed by Oliver Bruce of which over the last two weeks has seen record numbers attend opens.

The second was 71 and 71 A Grey Street in a property managed by Iain Carmichael of and John Holdsworth of Greg Hocking Holdsworth. The size of this property and its grandeur are rare offerings and given its location in the heart of and estimated price of $5m ish it could end up as the area’s largest sale for the year.  The property is for sale by tender and it will be interesting to see what the buyer plans to do with the property. The property may in fact be too large for a family home and we could see (STCA) a similar situation to Eildon mansion next door. Eildon was bought in August 2006 for just over $4m and turned into the Melbourne head quarters of Alliance Francaise.

Most of the chat amongst agents during the week was the sale of 289 Richardson Street Albert Park last weekend. The property sold for just over the high quote range of $1.2m, and the consensus amongst local agents was that this represented very good buying. I thought the price was actually spot on, when you compare it against the recent sales of these properties in similar condition and : 32 Barrett Street, Albert Park (Justine Holod of ) at $1.386m, and 48 Kerferd Road Albert Park  (John Holdsworth of Greg Hocking Holdsworth) for $1.205m.

The sales trend of under $1.5m with good content in Port Phillip continued this weekend with the sale of 21 Hambleton Street Albert Park by David Wood of Hocking Stuart for $1.33m. This liveable period home had good rear access and northerly light and, while it didn’t exactly fly, it sold under the hammer. It was a different story for 20 Docker Street , (Stuart Lopez of ) which passed in today for $2.010m. Having recently sold on the 7th of February 2011 for $2.4m the sale of this contemporary town house represents a challenge for the agent if the vendors are looking to achieving a sale price close to what was previously paid.

SOUTH MELBOURNE, 39 Tribe St
SOUTH MELBOURNE, 39 Tribe St | Karl Gillon (Buxton)
Passed In: Undisclosed amount - 4 Bidders (Photo: Jen Milligan)
Bidderbuzz Auction
"Neighbours thought it was the perfect opportunity to hold a garage sale on auction day- and with the amount of people stopping to have a look before going to the auction at number 39, it proved a very good idea indeed! Karl Gillon was auctioneer and he didn't have to wait too long before a genuine opening bid of $800,000 came from the crowd. There were soon three, then four bidders in the mix and after two breaks and a lot of bidding the price reached $940,000 before the property was passed in for further negotiations." (Jen Milligan)

 

Biggest Sale: BRIGHTON, 7 Crowther Pl
Leigh Hallamore (Buxton); After Auction, $2,925,000 - 1 Bidders

"Crowther Place is a quiet cul-de-sac just off bustling New St, and Number 7 is strategically located at the head of the court. Auctioneer Leigh Hallamore made much of this prestigious location in his preamble. His introduction was, as always, polished and complete. With the usual lack of response when Mr Hallamore invited offers, he offered a vendor bid of $2,600,000. Still no response. Mr Hallamore then offered a second vendor bid of $2,700,000. Finally a bid of $2,700,000 emerged from someone in the crowd of around 50, and this offer was accepted by Mr Hallamore. No further bids were made and the property was passed in to the only bidder for further negotiations. Bought after auction for $2,925,000." (David James)

 

Biggest Pass In: ELWOOD, 20 Docker St
Stewart Lopez (Kay & Burton); Passed In: $2,010,000 - 1 Bidders

"Given this property's location  - moments from the beach and Ormond Road shops - it was not surprising that there was a strong crowd in attendance at today's auction. When auctioneer Stewart Lopez asked for bids he took the $1,500,000 which was offered. This was quickly countered with a vendor bid of $2,000,000 asking for rises of $50,000.  No interest at this level and half time was called. Half time was brief and to help bidders see value, bids of $25,000 we called for. With the death knock looming, the original bidder offered a bid of $10,000 which was accepted  -  securing the first rights to negotiate at the vendors reserve." (Guy Angwin)
$1M+ bayside/port phillip Featured Auctions
676
/1000
JAMES HOME RATINGS
ALBERT PARK: 21 Hambleton St
21 Hambleton Street
BOUGHT: $1,330,000
UNDISCLOSED
JAMES HOME RATINGS
ALBERT PARK: 100 Page St
100 Page Street
BOUGHT RANGE*: $1,505,630 - $1,656,350
UNDISCLOSED
JAMES HOME RATINGS
BRIGHTON: 51 Bay St
51 Bay Street
BOUGHT: $1,900,000
671
/1000
JAMES HOME RATINGS
BRIGHTON: 7 Crowther Pl
7 Crowther Place
BOUGHT: $2,925,000
UNDISCLOSED
JAMES HOME RATINGS
BRIGHTON: 9 Enfield Rd
9 Enfield Road
PASSED IN: $1,900,000
732
/1000
JAMES HOME RATINGS
BRIGHTON: 21 Seymour Gr
21 Seymour Grove
BOUGHT: $1,807,000
UNDISCLOSED
JAMES HOME RATINGS
BRIGHTON: 23 Wolseley Gr
23 Wolseley Grove
PASSED IN: $1,870,000
UNDISCLOSED
JAMES HOME RATINGS
ELWOOD: 20 Docker St
20 Docker Street
PASSED IN: $2,010,000
UNDISCLOSED
JAMES HOME RATINGS
HAMPTON: 28 Thomas St
28 Thomas Street
BOUGHT: $1,152,250
UNDISCLOSED
JAMES HOME RATINGS
SOUTH MELBOURNE: 95 Napier St
95 Napier Street
PASSED IN: $1,010,000
UNDISCLOSED
JAMES HOME RATINGS
SOUTH MELBOURNE: 39 Tribe St
39 Tribe Street
PASSED IN: $940,000
650
/1000
JAMES HOME RATINGS
ST KILDA: 19 Acland St
19 Acland Street
BOUGHT RANGE*: $1,563,170 - $1,719,650
Stonnington Weekly
port phillip Scheduled Auctions
ST KILDA
19 Acland Street, ST KILDA
Bought undisclosed
19 ACLAND STREET
PORT MELBOURNE
17 Edwards Avenue, PORT MELBOURNE
Bought undisclosed
17 EDWARDS AVENUE
ALBERT PARK
100 Page Street, ALBERT PARK
Bought undisclosed
100 PAGE STREET
SOUTH MELBOURNE
39 Tribe Street, SOUTH MELBOURNE
Passed In $940,000
39 TRIBE STREET
bayside Scheduled Auctions
BRIGHTON
51 Bay Street, BRIGHTON
Bought $1,900,000
51 BAY STREET
BRIGHTON
9 Enfield Road, BRIGHTON
Bought $2,000,000
9 ENFIELD ROAD
BRIGHTON
21 Seymour Grove, BRIGHTON
Bought $1,807,000
21 SEYMOUR GROVE
BRIGHTON
9/15 Well Street, BRIGHTON
Bought undisclosed
9/15 WELL STREET
ADDRESSRESULTPRICEIMPROVED $/SQMBOUGHT
BEAUMARIS
10 Hepburn AvenuePassed InPI: $1,280,000
14 Comas RoadBought$1,000,000$1,6082012-10-20
BRIGHTON
7 Crowther PlaceBought$2,925,000$5,0432012-10-20
9/15 Well StreetPassed InPI: $1,400,000$5,0432012-10-20
644 Hampton StreetNot Reported
51 Bay StreetBought$1,900,000$3,8082012-10-20
23 Wolseley GrovePassed InPI: $1,870,000$3,8082012-10-20
9 Enfield RoadBought$2,000,000$3,2212012-10-20
21 Seymour GroveBought$1,807,000$2,7712012-10-20
HAMPTON
28 Thomas StreetBought$1,152,250$2,3812012-10-20
15 May StreetNot Reported
SANDRINGHAM
83 Bay Rd Passed InPI: $1,100,000
ALBERT PARK
21 Hambleton StreetBought$1,330,000$6,6832012-10-20
100 Page StreetBoughtR: $1,505,630 - $1,656,350$9,971 - $10,9692012-10-20
ELWOOD
20 Docker StreetPassed InPI: $2,010,000$9,971 - $10,9692012-10-20
290 Barkly StreetPassed InPI: $1,000,000
PORT MELBOURNE
17 Edwards AvenueBoughtR: $954,205 - $1,049,725$2,973 - $3,2702012-10-20
SOUTH MELBOURNE
39 Tribe StreetPassed InPI: $940,000
95 Napier StreetPassed InPI: $1,010,000
ST KILDA
114 Argyle StreetPassed InPI: $1,230,000
19 Acland StreetBoughtR: $1,563,170 - $1,719,650$7,271 - $7,9982012-10-20
bayside Private Sales
SANDRINGHAM
25 Keats Street, SANDRINGHAM
Bought: undisclosed
25 KEATS STREET
BRIGHTON EAST
18 Connor Street, BRIGHTON EAST
Bought: $1,910,000
18 CONNOR STREET
port phillip Private Sales
ST KILDA WEST
201 Canterbury Road, ST KILDA WEST
Bought: $1,770,000
201 CANTERBURY ROAD
bayside Private Sales
BRIGHTON
11 Foote Street, BRIGHTON
Bought: undisclosed
11 FOOTE STREET
REPORTED BAYSIDE PRIVATE SALES
REPORTED PORT PHILLIP PRIVATE SALES
ADDRESSBOUGHT PRICEIMPROVED $/SQM
BRIGHTON373 St Kilda Street$1,300,000$1,726
9 Enfield Road$2,000,000$3,221
11 Foote StreetRange: $2,109,800 - $2,321,000$2,813 - $3,095
BRIGHTON EAST18 Connor Street$1,910,000$3,046
SANDRINGHAM25 Keats StreetRange: $2,157,750 - $2,373,750$2,714 - $2,986
ST KILDA18-20 Fitzroy StreetUndisclosed
ST KILDA WEST201 Canterbury Road$1,770,000$4,810
ST KILDA, 19 Acland St
ST KILDA, 19 Acland St | Kaine Lanyon (Marshall White)
After Auction: Bought range: $1,563,170 - $1,719,650 - 3 Bidders (Photo: Guy Angwin)

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