Why this Camberwell family home of 40 years cracked $4.2m

This Camberwell Victorian sold for $4.298m after four families competed at a rain-soaked indoor auction.

A Camberwell home with a rooftop city view and four decades of family memories has sold under the hammer for $4.298m in front of a packed crowd who crammed indoors to escape the rain.

The five-bedroom Victorian at 9 Avenue Rd had been in the same hands for more than 40 years before Saturday’s auction brought a crowd of about 80 into the home’s expansive open-plan living zone.

Despite the weather, four local families competed for the keys, with two pushing the price well beyond the $3.95m on-the-market figure.

The result also soared above the property’s initial $3.7m-$3.9m price guide.

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Set on about 815sq m, the double-fronted, double-brick home blends original marble fireplaces, ceiling roses and hall arches with a luxurious renovation completed about 15 years ago.

Behind its iron-laced verandah and high front fence lies a gas and solar heated pool, a spa pavilion, commercial-grade outdoor kitchen and a city-facing rooftop terrace.

The formal lounge showcases one of several original marble fireplaces preserved during the home’s full-scale renovation.

An upstairs theatre room and rooftop terrace with city views helped set this Camberwell home apart during the auction campaign.

It also features a theatre room, ground-floor guest suite and a four-car basement garage — features that helped make it a standout among prestige offerings in the suburb.

All four bidders were from nearby, with the home eventually secured by a local family.

The sellers, who are now downsizing, were supported by their extended family during the auction and described as private but warm, with neighbours dropping by during the campaign to share fond memories of the home and the people in it.

Privately set behind a high wall and automatic gates, the double-fronted Victorian-era home blends heritage charm with modern luxury.

A gas and solar heated swimming pool, spa pavilion and commercial-grade outdoor kitchen create a resort-style backyard retreat.

Ray White Balwyn auctioneer Brad Cooper said it was an emotional day for the vendors, but the result was a testament to the quality of the property and its location just steps from Camberwell Junction and close to top schools and transport.

The property is also zoned for Camberwell High School.

A four-car basement garage offered serious buyer appeal, especially in a tightly held inner-east location.- for Herald Sun Real Estate

The master bedroom features a travertine-tiled ensuite with spa, one of five bathrooms throughout the expansive family home.

Despite the wet weather, Mr Cooper said the auction ran smoothly indoors thanks to the home’s spacious design — with several large living areas making it feel more like a party than a property sale.

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david.bonaddio@news.com.au

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