Melbourne auctions: Single street in Kew dominates biggest Super Saturday sales

Two houses on the one street were among Melbourne’s top handful of results reported as the dust settled on the busiest spring Saturday so far.

The neat four-bedroom home at 39 Miller Grove, Kew, fetched $3.77m — $300,000 more than reserve — while a three-bedroom house down the street at No. 22 sold for $3.32m.

Kay & Burton director Scott Patterson said Miller Grove, midway between the Yarra River and Xavier College, was a quiet court and No. 39 an Edwardian nestled at the end of it.

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“The property sold under the hammer to a local family from Hawthorn East, with the previous owners handing over the keys after some 30 years,” he said.

The big results came on Melbourne’s anticipated first Super Saturday of spring, with the clearance rate sitting at 58.3 per cent from 1016 reported results Monday, having dropped down from 65.9 per cent from 534 results late on Saturday.

PropTrack had been expecting 1149 Melbourne auctions and 46 in regional Victoria last week.

There are 632 scheduled in Melbourne this week, with the Melbourne Cup holiday next Tuesday.

A stylishly renovated three-bedroom house at 15 Larissa Ave, Tullamarine, sold for $940,000 — $130,000 beyond reserve after competition between five bidders.

Ray White Gladstone Park Malek Younan said “it had the right formula”, with two large living areas, two bathrooms, good land size and having been updated.

“To get the location, size, and being renovated it all just clicked,” he said.

“Good properties like this always do well.”

Owners of 28 years parted with their five-bedroom house at 21 Parker St, Ormond, for $2.292m from a $2.17m reserve.

The Agency agent Christine Henderson said the buyers were upgrading from a townhouse nearby, and the period home with a pool had been “seamlessly modernised” with an “incredible garden”.

Wakelin Property Advisory buyer’s advocate Jarrod McCabe reported the strong sale of a duplex property of two two-bedroom apartments at 23 Larnook St, Prahran, for $2.75m.

“It was a corner block and doesn’t have heritage overlay there so there were a real variety of potential uses,” he said

“You could retain it as two apartments, there’s space in the backyard to potentially build a townhouse, you could potentially bowl it over with council approval.

“There is another of the same type nearby in Lalor St that is currently being gutted and renovated into a single dwelling.”

The property was quoted for $2.2m-$2.4m and Mr McCabe believed the buyers were landbanking investors.

“If there’s multifaceted demand, and certainly properties that are renovated or ready to move into, are tending to have more interest,” he noted of the market.

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scott.carbines@news.com.au

Originally published as Melbourne auctions: Single street in Kew dominates biggest Super Saturday sales

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