Bespoke features attract $1,675,000 payday for Newport vendors at auction

Renovators bought a Greenvale home for $1,305,000.An architecturally designed and efficient three-bedroom house in Newport sold at auction to a family on Saturday for $1,675,000.had an emphasis on sustainability, Williams Real Estate listing agent and auctioneer John Limperis said, as demonstrated by its 7.1-star energy efficiency rating.

Limperis called for an opening bid at the bottom of the price range at $1.4 million, but the first bid was at the top of the range, $1.5 million. The auctioneer declined to reveal the reserve price. The sale price was $175,000 more than the range. Skourtis said the buyers were shy. A vendor bid at $985,000 was made, before a $1000 raise was accepted, Skourtis said. After no further bids, the auction was paused to confer with the vendors.After the break, bids were exchanged between two young couples until $1.05 million. At $1.05 million, a third buyer, an owner-occupier, started bidding $1000 increments. Skourtis said the auction lasted 20 minutes.Records show that the house last sold for $925,000 in 2016.

“It opened up a wider pool of buyers – young couples, first-time buyers, and we had a couple of downsizers there as well, given it was a single-level home. It was a real mixture,” he said.

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