{"id":37978,"date":"2022-04-10T10:06:24","date_gmt":"2022-04-09T22:06:24","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=37978"},"modified":"2022-04-10T10:06:24","modified_gmt":"2022-04-09T22:06:24","slug":"cottage-sells-425k-over-reserve","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/cottage-sells-425k-over-reserve\/","title":{"rendered":"Cottage sells $425K over reserve"},"content":{"rendered":"

PHOTO: Buyers Sheena and Lucky in front of their new home at Liverpool St, Rippleside.<\/strong><\/p>\n

\n

SEVEN bidders pushed the price of a two-bedroom Rippleside home $425,000 over reserve at auction on Saturday.<\/p>\n<\/div>\n

The cottage-style residence at\u00a0Liverpool St<\/a>\u00a0was snapped up for $1.225 million.<\/p>\n

It had been offered with a $800,000 \u2013 $880,000 price guide.<\/p>\n

\n
\"Auction<\/div>\n

Auction at Liverpool St, Rippleside.<\/strong><\/em><\/div>\n

New bidders were popping up everywhere throughout the lengthy auction, but it was a young couple, in the race from the start, who held on to secure the keys.<\/p>\n

\n
\"Auction<\/div>\n

Auction at Liverpool St, Rippleside.<\/strong><\/em><\/div>\n

Local buyers Lucky and Sheena landed the second bid, and stayed the course to outlast six other bidders for the 293sq m property set across from Rippleside Park.<\/p>\n

\n
\"Auction<\/div>\n

Auction at 35 Liverpool St, Rippleside.<\/strong><\/em><\/div>\n

The pair are already invested in the 3215 postcode, living nearby, and they also have a local business, Bean & Base Cafe.<\/p>\n

But, the auction win was bittersweet, as the pair were bidding against friends.<\/p>\n

\u201cWe\u2019ve been living here for a while now,\u201d Sheena said.<\/p>\n

\u201cWe really liked the location, that\u2019s the key, my son plays here all the time.\u201d<\/p>\n

\n
\"Auction<\/div>\n

Auction at Liverpool St, Rippleside.<\/strong><\/em><\/div>\n

The auction started slowly but picked up speed.<\/p>\n

\n
\"Auction<\/div>\n

Auction at Liverpool St, Rippleside.<\/strong><\/em><\/div>\n

Whitford, Newtown auctioneer Dale Whitford declared property on the market when the price reached $800,000.<\/p>\n

\u201cYou could be sitting in the front lounge room looking over the park, looking at Corio Bay, looking at the marina,\u201d Mr Whitford told the 50-strong crowd.<\/p>\n

\n
\"Whitford,<\/div>\n

Whitford, Newtown auctioneer Dale Whitford and listing agent Tony Young in action.<\/strong><\/em><\/div>\n

Whitford, Newtown listing agent Tony Young said the property had attracted plenty of interest due to its potential and location offering plenty of bayside benefits.<\/p>\n

He said most of the interested parties were living in Rippleside or nearby.<\/p>\n

\u201cWe had 14 groups that suggested that they would have a go at the property,\u201d Mr Young said.<\/p>\n

\u201cThere were at least three people there that were prepared to pay $1.2 million.<\/p>\n

\u201cIt\u2019s very difficult to determine the market value, because of the size of the allotment \u2026 we tried to keep our feet on the ground, as did the vendors.<\/p>\n

\u201cRippleside is a beautiful suburb, not many Melbourne buyers would know it.<\/p>\n

READ MORE\u00a0 VIA NEWS.COM.AU<\/a><\/p>\n

\n

MOST POPULAR IN NEW ZEALAND<\/span><\/h3>\n