- A modest Melbourne home has shocked an auction with massive sale price
- The three-bedroom Fitzroy bungalow sold for eye-watering $2.326million
- It smashed the $1.885million asking price despite home’s unappealing interior
- Selling agent suggests prices will continue to surge with little on the market
The Melbourne property boom shows no sign of slowing down after a modest three-bedroom home has sold for nearly $500,000 over its price guide.
The Fitzroy bungalow shocked the auction room on Saturday as two bidders battled it out before the hammer fell for an eye-watering $2.326million.
Onlookers were stunned as the pair fought it out for over 45 minutes before one of the men walked away with the property, Realestate.com.au reported.
The Melbourne property boom shows no sign of slowing down after a modest three-bedroom home has sold for nearly $500,000 over its guide price at an eye-watering $2.326million
The huge fee paid for the home seems over the top when considering the underwhelming interior of the property, including this dated kitchen
Despite a modern theme throughout the home, key rooms such as the bathroom (pictured) have uninspiring fittings and decor
The one-bathroom house was placed on the market at $1.885million but that figure was quickly smashed.
The huge fee paid for the home seems even more bizarre when considering the underwhelming interior of the property.
Despite a modern theme throughout the home, key rooms such as the kitchen and bathroom have dated, uninspiring fittings and decor.
With the property becoming available in the sought-after area of Fitzroy, it appears potential buyers can’t be too picky when it comes to getting what they want.
‘There’s not much on the market. When there’s limited stock, you see inflated prices like this,’ selling agent Andrew Simondson told Daily Mail Australia.
‘There were just two blokes going at it,’ he added.
With the property becoming available in the sought-after area of Fitzroy, it appears potential buyers can’t be too picky when it comes to getting what they want
The property did boast a spacious patio area outside but lacked the wow factor similar properties in the area possess
‘There’s not much on the market. When there’s limited stock, you see inflated prices like this,’ selling agent Andrew Simondson told Daily Mail Australia
The bedrooms retained original features and were combined with a modern yet basic twist