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Seven bidders vied to secure 38 Lucca Walk, Mernda, on the weekend.
A family cried tears of joy when their Mernda investment property sold for well above price expectations on the weekend.
The three-bedroom townhouse at 38 Lucca Walk was listed with a $475,000-$530,000 asking range but ended up selling for $609,000 on Saturday.
Ray White Wollert’s Hayden Assaad said that seven bidders drove the price upwards in an auction that included $500 bids.
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A first-home buyer emerged as the victor, with most of the bidders consisting of other first-home buyers and investors.
Mr Assad said that the owners were stunned by the auction’s end result.
“They were very, very happy, the vendors were crying – they said, ‘Never in a million years did we expect to get this’,” Mr Assaad said.
“The wife mentioned her husband recently brought a $5000 bicycle and was feeling guilty, and he doesn’t need to feel guilty anymore.”
And they are also thinking about taking a holiday, possibly in Europe, while their daughter has requested a Coach bag.
A dishwasher and a tiled floor are among the kitchen’s features.
The home is set on a 200sq m block of land.
The townhouse features a modern kitchen, downstairs powder room and main bedroom with an ensuite bathroom and walk-in wardrobe.
Each of the other two bedrooms have a walk-in wardrobe, while there’s also a separate laundry, under-staircase storage space, an outdoor courtyard, split system heating and cooling and ducted heating.
The residence is close to the Mernda Junction shopping centre, Mernda train station, eateries and a Bunnings.
“One of the main attractions was that the home faces a reserve,” Mr Assaad added.
“Also, there’s no body corporate, a double-car garage and a large living area.”
A green view from the living area to outside.
There’s a central bathroom and also an ensuite off the main bedroom.
He said that abodes in his region occasionally soared above their expected price range, but it was certainly not a common occurrence.
“Every now and then you do get a run away auction with lots of buyers,” he said.
About a fortnight ago, another of his listings, a Lalor unit with a $550,000-$600,000 asking range, sold for $691,000 when seven bidders competed for the keys.
Mr Assaad said that since February, when the Reserve Bank of Australia had lowered the nation’s official cash rate in February – prompting most banks to lower their interest rates – he had noted a few more homes surging well past their advertised ranges.
“It is happening a bit more often now, but will it continue to happen? I’m not sure,” he said.
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