Hawthorn: Home inspected by 200 people snapped up

The apartment at 2/51 Denham St, Hawthorn, was popular with buyers.

A Hawthorn apartment inspected by hundreds of buyers has been snapped up by a purchaser who made a dramatic entrance to the auction.

On Saturday, the two-bedroom home at 2/51 Denham St went under the hammer after being checked out by more than 200 buyer groups.

The Agency Victoria’s Luke Saville said that apart from the stylish and light-filled interiors, many buyers were attracted to the property because it is part of a company share title.

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This essentially means the 10-unit complex, where the apartment is located, is considered a company which homeowners buy into by purchasing a tenth of a share in the entire building and land.

Nowadays, this is a rare arrangement with most modern apartments on strata titles.

A mix of mainly first-home buyer couples and singles were interested in the home which went to auction with four bidders, starting with a $470,000 bid.

Mr Saville said that one of the buyers, a woman who has sold her family home, had decided on Friday that she no longer wanted to bid.

The woman was also in Perth, meaning she would miss the auction.

The apartment building is close to St James Park and the eateries and shops on Glenferrie Rd..

The living and dining area opens to a balcony.

However, the buyer contacted her daughter on Saturday, asking her to get to the auction within 30 minutes – as the mother had changed her mind and wanted the apartment.

The daughter, who was out cycling, raced home and jumped in her car to get to the auction to bid on behalf of her mum.

“She got there five minutes into the auction, bid and bought,” Mr Saville said.

The property ended up selling for $565,000, a sum $35,000 higher than the $530,000 reserve.

Despite the rain, about 60 onlookers turned out to watch the auction.

16 Diamond Creek Rd, Greensborough, also sold at auction on Saturday.

The lounge room, set under a timber-lined cathedral ceiling, extends out to a deck with green views.

Further out of the city, a four-bedroom house at 16 Diamond Creek Rd, Greensborough, also went under the hammer on Saturday.

Set on 859sq m, the home features three bathrooms, a lounge room with a timber-lined cathedral ceiling and two decks with views across the surrounding trees.

Jellis Craig Greensborough and Hurstbridge’s Daniel Cobern said more than 100 people had inspected the property.

Two bidders contested the auction, with the house selling for $765,000 after being placed on the market at $760,000.

“A young couple bought while the underbidder was looking to do a renovation and flip,” Mr Cobern said.

The buyers liked the home’s size and location near parklands, public transport and Greensborough Plaza, he added.

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