21 Thomas Road, Kew bought for a large $6.4m at a Saturday public sale.

Even the quieter circumstances of the lengthy weekend couldn’t stand in the way in which of a large $6.4m sale in Kew.

The four-bedroom interval residence at 21 Thomas Street, which featured a clay tennis court docket and views of the town skyline, surpassed the reserve by a whopping $300,000.

Ray White Balwyn’s Helen Yan mentioned 4 bidders competed for the property within the sought-after Sackville Ward precinct, in proximity to a few of the space’s most elite non-public faculties together with Carey Grammar, Trinity School and Xavier School.

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The seller is an artwork lover who by no means acquired the possibility to rebuild their dream dwelling.

CoreLogic information reveal the property was final bought for $5m in 2018.

Ms Yan mentioned the distributors had bought the home with hopes of constructing their dream dwelling on the 1314sq m block however by no means “had the time” to start the intensive renovation.

“The property does want a whole lot of work to replace it,” Ms Yan mentioned.

Ms Yan mentioned the property wanted an replace.

She mentioned the patrons had been a neighborhood household who deliberate to “knock down and rebuild” a brand new luxurious dwelling on the positioning.

“It generated actually aggressive bidding and exceeded expectations,” Ms Yan mentioned.

“(It) reveals simply how necessary good location is.”

In Surrey Hills, one other premium pad at 17 Grovedale Road bought for $3.03m, properly above the listed $2.45-$2.65m worth information.

Jellis Craig Boroondara’s Simon Lord mentioned the property’s location, pool and luxurious outside leisure space helped appeal to a variety of “aspirational” household patrons.

17 Grovedale Street, Surrey Hills additionally bought massive at public sale this Saturday.

The posh dwelling’s facade.

A deluxe leisure area.

“We ended up having seven bidders and a pleasant household who had been searching for a life-style property bought the house.”

Mr Lord famous {that a} lack of provide had helped gas the property’s high-end sale.

“We positioned it within the lengthy weekend understanding there can be even much less competitors, however we actually want extra sellers to return to market,” he added.

“It might be one of many hottest markets I’ve seen in 33 years.”

“The five-day lockdown actually pushed a whole lot of campaigns again every week, so we would see extra property come up after Easter however it nonetheless may not be sufficient to satisfy the demand.”

Area for the entire household.

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