‘It was good money’: Brisbane home sells for $50k more than expected at auction

A construction worker’s tireless renovation efforts have paid off after his Brisbane house sold for $50,000 more than expected. 

A bidding war erupted at the auction of the Upper Mount Gravatt home, as five bidders battled to secure the keys to the five-bedroom residence. 

Place Bulimba‘s Glenn Bool said the auction was hotly contested, ending with a sale well above the suburb median and previous offers made on the property.

“The feedback at the lowest end was low $700,000s and at the high end it was $850,000 to $900,000,” Mr Bool said.

It sold for $950,000.

“It was good money, mate,” Mr Bool told Domain after Saturday’s auction.  

The vendors of 37 Perkins Street were “over the moon” with Saturday’s result.

The married couple had poured money and time into renovating the house with the intention of living there, but a business opportunity in central Queensland proved too good to turn down. 

The husband, employed as an electrician in the construction industry, had worked tirelessly to create an impressive family home.

A pool in the frontyard, a self-contained granny flat and dual street access to the 602-square-metre block added to the appeal of the home. 

Mr Bool said the buyers saw value in the property and had felt emotionally attached to it as soon as they saw it. 

“The underbidder lives just down the street interestingly enough and the people who bought it absolutely loved it from the beginning,” he said. “They were one of the first couples to visit and they registered [to bid] two weeks ago.”

The sale was unusually high for Upper Mount Gravatt. Mr Bool said it was a testament to the quality of the home.

Later on Saturday in Sunnybank Hills, Place Estate Agent‘s Owen Chen sold a recently updated family home at 4 Indiana Street. 

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The four-bedroom home drew a lot of interest due to its proximity to schools and shopping centres. The added appeal of being close to Sunnybank’s thriving Chinese community was another drawcard, Mr Chen’s co-agent Ping Han said.

The kitchen had been recently renovated, along with the bathrooms. But Ms Han said her favourite parts of the house were its huge glass windows and wide street frontage.

“I actually really love the light in the home,” she said.

After a brief auction, the house sold for $870,000.