‘Fast and furious’: Oakleigh abode attracts fierce bidding at its second auction

46 John St, Oakleigh sold under the hammer on Wednesday night.

An Oakleigh residence sold under the hammer after more than 20 prospective homebuyers registered to bid at its weekday auction.

The five-bedroom double-storey brick house at 46 John St was offloaded for $1.574m on Wednesday night — a whopping $324,000 above its $1.25m reserve price.

Ray White Oakleigh senior sales executive Leigh Kelepouris said he first listed the property before Christmas, but there wasn’t much interest at the time and its auction “fizzled”.

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However, after pulling the home from the market, adjusting its campaign and relisting it, he said there ended up being 28 bidders who registered to participate in its most recent auction, 10 of which placed a bid on Wednesday.

One of many living areas.

The expansive kitchen with plenty of storage.

“Bidding was quite fast and furious … it was really good,” Mr Kelepouris said.

He added that offers began at about $1.1m with upwards of 80 bids by the end of the auction.

“It was the only house available for buyers to choose in Oakleigh (at the time),” he said.

“It attracted a lot of buyers that wouldn’t necessarily look in Oakleigh to actually look at this one and fight on it.”

Mr Kelepouris said there were more than 150 groups that inspected the abode.

“What were seeing now that more stock is starting to hit the market, those numbers are starting to normalise a little bit, to similar levels of how it was pre Christmas,” he said.