Brisbane auctions: Art Deco charmer in Ashgrove sells for $675,000 under hammer

First home buyers walked away with a renovator’s dream in Ashgrove, snatching a two-bedroom house for $675,000.

A crowd of 50 people came to watch the sale of the Art Deco home, thanks to it’s unique charm.

The unusual house, which sits on a triangle-shaped block of land and boasts stained glass windows and ornate plaster ceilings, sold well under the Ashgrove median house price of $845,000.

A couple – a young lawyer and commercial property agent – beat out three other bidders at  the 11 Boon Street auction, after bidding started at $500,000.

Space Property agent Judi O’Dea said the new owners were considering hiring designers to refurbish the house, but are not planning any major changes.

The Boon Street property was a deceased estate, owned by the same woman for 25 years until she passed away at the age of 93.

Ms O’Dea said the house remains largely unchanged from when it was first built in the 1930s, but has great potential to be a contemporary home.

“It’s a very a very pretty house, in original condition,” she said.

“It was perfect.”

The sale was on right on reserve price and Ms O’Dea said the previous owner’s daughters were “delighted”.

In Annerley, three bidders went head-to-head over a lavish family home on 93 Cracknell Road with dozens of spectators watching on.

Bidding kicked off at $1 million but the price was quickly pushed up to $1.27 million before bidding stalled.

Two parties bid via phone and a young couple was on site for the auction of the five bedroom bungalow on 810-square-metres, seven kilometres from the Brisbane CBD.

After a brief pause, bidding started up again at $1,285,000 before the couple secured the property for $1.29 million.

The couple, who did not wish to be identified, said the property was “very expensive,” and “we were a bit disappointed, it was much higher than I expected”.

Ray White Agent Damon Warat said the vendors are happy with the price, but sad about leaving a “well loved family home”.

“I believe it’s a record price for the suburb for a single level home on a small lot,” he said.

The classic Californian bungalow has spacious outdoor and indoor living areas, a modern kitchen and prominent  street presence. The family home has an in-ground pool, a cubby house, and fort for the kids.

The house last traded for $880,000 in 2006.

Mr Warat expects the sale will be settled in time for Christmas.