Doncaster East and Mt Waverley suburban classics gift long-term owners premium prices

This house at 16 Elizabeth St, Doncaster East, had not sold for more than 60 years.

An original 1960s Doncaster East classic earned its long-term owners a $100,000 premium on their reserve in an emotional weekend auction.

Five bidders including a “nice mix of families” drove the three-bedroom house at 16 Elizabeth St to one of Melbourne’s top auction results with a $1.885m sale last Saturday.

PropTrack had a clearance rate of 52.3 per cent from 556 results as of Monday morning.

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Cheque out these classic interiors.

A rumpus room was added in the 1970s.

Barry Plant Doncaster East partner Todd Lucas said the Doncaster East property topped its $1.78m reserve and $1.6m-$1.75m price guide in its first sale in “over 60 years”.

“A family buyer bought it to move into and update over time … it was an original ‘60s home with a rumpus room added on in the ‘70s,” he said.

“The family when they lived there had six people living there, the mum and dad and four kids. There were a few tears of happiness and relief once the auction sold.”

Mr Lucas said the 934sq m flat land size and location close to Jackson Court were the main drawcards, with families loving the suburb and the opportunity the listing presented.

The block size was a major plus for buyers.

The buyers will do the property up over time.

The unit at 2/123 Beverley St, Doncaster East, also sold strongly.

Also in Doncaster East, a three-bedroom villa unit neared $1m territory under the hammer.

Phillip Webb chief executive Anthony Webb said 2/123 Beverley St top its reserve by $25,000 with its $955,000 sale price.

“Appealing to downsizers, first-home buyers and investors, this was a hotly contested auction with four bidders and 50 people braving the weather,” he said

Sold By Group director Andy Reid said another original home at 36 Briggs St, Mt Waverley, attracted seven bidders to sell for $1.302m with a $1.25m reserve.

“A massive win for those holding land that has development potential. It was easement-free, in a strong school zone,” he said.

Real Estate Institute of Victoria president Richard Simpson said recent clearance rates in “the mid 60s” were “showing a balanced market”.

There were seven bidders for 36 Briggs St, Mt Waverley.

A blue and yellow facade.

79 Bay Rd, Sandringham, gained about $400,000 in two years.

“There have been a lot of sales within the quoted ranges, not really going over but some do obviously, and the ones that pass in are generally sold one to two weeks later, so they’re cleared away pretty quickly,” he said.

“We’re not seeing distressed sales, which is important. Once we see those in the market, from people who have to sell because they can’t afford their mortgage, that’s really when the market starts to fall away quite quickly.”

And in Sandringham two bidders battled with strong bids of about $25,000 increments in one hot minute for the four-bedroom house at 79 Bay Rd.

It was passed it in at $3.1m, and it sold later for an undisclosed price at the top of its $2.95m-$3.150m price guide. It last sold for $2.7m in December 2020.

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