A Williamstown bluestone residence has offered greater than $700,000 above expectations in a deal understood to have topped $5m.
The five-bedroom house at 123 Cecil St was renovated and cherished by one household for greater than 23 years earlier than being listed for $3.9m-$4.29m.
On Friday a non-public public sale was a three-horse race as a trio of native households battled for the abode, with trade sources revealing the property offered in extra of $5m.
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Ray White Williamstown gross sales govt Reece Pearson wouldn’t disclose the gross sales value, however mentioned bidding was “spirited” on the day.
“We began with a vendor bid (of $4.1m); like most auctions as of late it was a little bit bit gradual to get began,” Mr Pearson mentioned.
“Two of the events have been combating it out early after which one other got here into the combo a little bit bit afterward.”.
The Herald Solar earlier reported the earlier vendor and plasterer Tony Piacquadio mentioned he cherished the house a lot he snapped it up with no financial institution approval, two homes to promote and when his spouse was 39 weeks pregnant.
“I took an opportunity I suppose, in all probability pushed destiny a little bit bit,” Mr Piacquadio mentioned.
After 40 years working onerous, Mr Piacquadio mentioned it was time to “be taught to calm down” and transfer on from the house he and his household poured a lot love into.
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“It’s a really heartfelt home,” he mentioned.
A key characteristic of the house is the “males’s wellness centre” the place Mr Piacquadio and the opposite “Williamstown Wasps” would park their vespas after a experience and have a yarn.
Purchaser Advertising principal advisor Peter Fox mentioned Williamstown by no means had sufficient available on the market to fulfill excessive demand.
“It’s known as the Toorak of the west; it’s the most costly (suburb) of the western facet,” Mr Fox mentioned.
“Cecil St is the oldest a part of Williamstown which might be heritage within the 1850s or 60s. The demand could be very excessive.”
He added that patrons have been paying a minimal entry value for a single-front weatherboard Victorian for $1.5m-$2m in that a part of Williamstown.
One other latest notable sale in Williamstown ended with legendary ex-Western Bulldogs participant Chris Grant setting a brand new report for the suburb as he offered his waterfront abode at 15 The Strand in October.
An actual value was not disclosed, however it’s understood to have offered inside its $8m-$8.8m value information to surpass the earlier home report set by the $7.35m sale of 1/33 The Stand in 2021.
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