Belmont house sold after one bid as young buyers raise stakes early


One bid was all it took to sell 1 Hill Street, Belmont at auction on Saturday.


A bold opening bid almost $100,000 above the price guide saw a Belmont house sell within moments as desperate buyers knocked out the competition from the get-go.

A stunned crowd watched on as the first-home buyers bought the three-bedroom, one-bathroom house at 1 Hill Street with a single bid of $750,000.

Buxton agent David Gray said he was momentarily caught off guard by an opening offer so far above the $630,000-$660,000 range.

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The light and bright living area.


“I had to check it wasn’t $650,000 and as I called it down you could see the faces of the other potential bidders — their hearts sunk,” Mr Gray said.

“But hearing (the buyers’) story, they had missed out on I think four other auctions and she was crying tears of joy once they bought it.

“I think at the very last minute they talked strategy and thought we just need to go hard or we’ll be back here next week.”

Storage galore in the kitchen.


He said it was the first time in his 10-year real estate career he could recall a property selling on the first bid at auction.

The reserve was within the range but the question of whether the buyers needed to go so high to edge out the competition is a moot point.

“It’s an interesting strategy,” Mr Gray said.

“They were first-home buyers, a really nice young couple that just didn’t want to miss out, especially in this market that’s going up every week.”

Two of the three bedrooms have built-in wardrobes.


The back deck can host a crowd.


The updated house features high ceilings, original floorboards and a modern white interior but it was the location 300m from Roslyn Primary School and Belmont High School that proved the big drawcard.

The 603sq m block has a big backyard with a deck for outdoor entertaining and space for a future extension.

“The house was easy to live in. They are going to sit on it for a while and then make their own touches,” Mr Gray said.



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