Newport family sell Tuesday, upgrade to $2 million house Saturday

A family bought a Newport house at auction on Saturday for $2,041,000, after managing to sell their current home in the same suburb off-market just days earlier.

The deal – an unconditional sale without a cooling-off period – was done on Tuesday to give them a chance to bid on the four-bedroom property at 132 Woods Street, the larger home they were seeking to house their family of six.

SOLD - $2,041,000

132 Woods Street, Newport VIC 3015

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Jellis Craig’s Anthony Kristakakis listed the home for sale with a quoted price range of $1.88 million to $1.98 million. The buyers had been looking for a home that suited their needs for about four years, he said. The agency also managed the off-market sale of the buyers’ home.

“I hadn’t sold anything like [132 Woods Street]. The positives that it offered, especially to the buyer who has a caravan, [was that] it has a double garage,” Kristakakis said. “I can’t tell you the last time I sold a property that had a double garage and side access.”

The auction began with a low bid of $1.6 million, which was immediately followed by a vendor bid of $1.88 million. The reserve was the top of the quoted price range, and the auction slowed when the property was declared on the market. Two bidders competed.

“Then we were taking $1000s all the way from $2.02 million to $2,041,000,” Kristakakis said.

It was one of 999 auctions scheduled for Saturday.

In Yarraville, a two-bedroom house sold to a downsizer at auction.

The property at 86 Blackwood Street – a modern build with off-street parking – was listed for sale with a quoted price range of $950,000 to $1,045,000.

“It was built with the intention to be lived in, but the owners had to sell,” said Village Real Estate listing agent Huss Saad. “It’s a townhouse set-up, but it doesn’t have any adjoining walls or anything like that.”

SOLD - Price Withheld

86 Blackwood Street, Yarraville VIC 3013

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“There’s been a bit of money spent on it. The owners did a great thing by building a really high gate out the front, and it’s electric. You drive in and close it, and you feel separated from the city.”

Saad said the auction began with a vendor bid at the bottom of the range, and the home sold for $1.16 million. The reserve was $1.05 million.

“There were just two buyers who had it out and kept going and going and going,” he said.

The buyer was moving from nearby Williamstown.