Essendon Hamptons home sells for $3.04m at auction

Essendon’s Hamptons-inspired retreat at 46 Market St sold for $3.04m after a bold relaunch delivered the Melbourne’s top reported auction result on Saturday.

A luxury Hamptons-inspired home in Essendon has stormed to a $3.04m sale, smashing its price guide.

The five-bedroom residence at 46 Market St had $2.55m-$2.75m price hopes, but soared past expectations after three bidders battled it out on Saturday.

The sale reflects renewed momentum in Melbourne’s prestige market after a flat winter, with Essendon once again proving a magnet for family buyers chasing scale and lifestyle in the inner northwest.

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The home had been listed earlier in June, but with demand for high-end homes subdued, the vendors and their agent made the call to pause the campaign.

Jellis Craig Moonee Valley director Christian Lonzi said relaunching ahead of spring brought a dramatically different outcome.

“The first time around, the higher end of the market just wasn’t firing,” Mr Lonzi said.

“This time we had five serious parties circling and three stepping up to bid on the day.

The five-bedroom Essendon home was custom-built by its owner, a registered builder, and still presents like new eight years on.

Stone benches, integrated appliances and a butler’s pantry with an extra premium appliances elevate the home’s Hamptons-style entertainer’s kitchen.

It became clear the timing was right, and the property itself being such a stunning near-new build really shone,” Mr Lonzi said.

The sellers, who built the property themselves about eight years ago, are registered builders and crafted the home with a level of detail that set it apart.

Interiors combine Hamptons charm with modern sustainability.

Oak floors, coffered ceilings and white wainscoting give the residence character and warmth, while energy-efficient touches include double glazing, a solar array, and an battery system that will slash utility bills for the lucky buyer.

The north-facing lounge flows seamlessly onto the pool and pergola, creating a resort-style hub for family living and entertaining.

The main bathroom pairs a freestanding soaker tub with sleek finishes, bringing spa-like luxury to everyday family living.

The two-storey design includes a ground-floor master suite with walk-in dressing room, a teenager’s retreat upstairs, and a professional home office.

The kitchen, complete with stone benches, cooker, butler’s pantry and integrated appliances, flows to expansive living and dining areas bathed in natural light.

Outdoors, the north-facing yard backs directly onto parkland and offers a solar-heated pool, pergola dining space and low-maintenance gardens — a rare combination of privacy and open views that added to the property’s appeal.

Double vanities and walk-in showers give the home’s bathrooms both style and function, reflecting the property’s high-end craftsmanship.

A teenager’s retreat upstairs offers extra space for families to spread out, complementing the home’s multiple living zones.

Mr Lonzi said the standout result was testament to strategy and trust between agent and sellers.

“It was a leap of faith for the owners to take the property off the market earlier this year, but they backed the strategy,” he said.

“Timing is everything in real estate, and this was a textbook case of aligning with market confidence

Across Melbourne, clearance rates have lifted as lower interest rates, improved buyer sentiment and the traditional spring build-up combine to reignite competition.

A professional home office at the front of the property makes the residence ideal for modern work-from-home lifestyles.

Mr Lonzi said conditions were primed for more headline results.

“For buyers, my advice is don’t wait too long, competition is tightening,” he said.

“For sellers, this is the moment many have been waiting for with improved sentiment, rate relief and seasonal demand all lining up.”

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