104 Thompson St, Williamstown (sellers pictured above)
Sold under the hammer for $1.8 million
Eight registered bidders, four active
Lead agent/auctioneer: Joanne Royston - 0402 996 622
Ray White Williamstown
The auction marked the end of an era for long-time owners Barbara and Bill, and the beginning of a new chapter for its incoming residents.
Ray White Williamstown’s Joanne Royston, who had managed the home as a rental for nearly two decades, led the campaign and also called the auction.
Located just two blocks from the waterfront in tightly held South Williamstown, the four-bedroom home offered both lifestyle appeal and future potential.
“Properties in this pocket don’t come up often,” Ms Royston said.
“It’s a very livable home with scope to improve, but it was really the location that drove the interest. Homes near the water in this area are often upwards of $4 million, so buyers recognised the opportunity.”
The winning bidder, Paul, was purchasing the home on behalf of his partner, who is currently overseas and will be moving in once she returns.
For Barbara and Bill, the decision to sell was a meaningful one. The home had been an investment property for them for almost 20 years, and they had always envisioned moving back in one day but ultimately decided the timing was right to let it go.
“It was a bit sad because we always thought we’d end up moving in at some stage,” said Barbara. “But for various reasons, including the land tax, we had to let it go. Still, overall it’s been a great investment for us.”
The sale was especially poignant, as Barbara originally bought the property from Joanne Royston nearly two decades ago.
“It’s a full circle moment,” she said. “Joanne and the team did a wonderful job. There were a couple of hiccups along the way, which they solved very quickly. We were really happy, we got the price we wanted. They were very professional.”
11 Eastbourne Court, Frankston
Sold under the hammer for $800,000
Six registered bidders, four active
Lead agent: George Devic - 0400 022 192
Ray White Frankston
Auctioneer: Jeremy Tyrrell, Ray White
The auction in Frankston drew strong interest from a mix of investors and owner occupiers, ultimately selling under the hammer for $800,000.
Lead agent George Devic of Ray White Frankston said the home ticked a lot of boxes for buyers in the area.
“The location was great for this one, and the general attributes of the home made it popular with investors,” Mr Devic said.
“Both the sellers and the successful buyers were investors.”
The winning bidder, Han, said he was pleased with the outcome and the opportunity to enter the market.
“I am really happy with the purchase, it was within my budget which I wasn’t fully expecting,” he said.
Han was particularly drawn to the property’s position and layout. “It’s a corner block and the way it has been presented is great. The four-bedroom setup was attractive to me. We’ve been looking for an investment for a while now.”
After a long search, Han said he was relieved to secure his first investment property.
“I almost gave up because prices were rising so much. I’m happy I could get into this area.”
Having attended several auctions before, Han said he appreciated the process.
“Auctions are great, they’re transparent. The only thing I don’t love is when there are bidders on the phone. I prefer to see everyone in the room. Whoever comes to bid has a fair game chance to buy it. I like to see in person who I’m competing with, you want to see your competitors.”