5th December 2016: Fletchers Group News Update 5 December

What a beautiful, sunny weekend we had here in Melbourne—a great start to Summer!

The weekend consisted of another busy auction day, with 1,094 auctions held in Victoria and a clearance rate of 79% after the successful sale of 867 homes. Of the 227 passed in properties, 104 where due to a vendor bid.

9 Lemon Grove, Nunawading was a standout property over the weekend, with eight bidders on auction day. The single storey four bedroom, two bathroom home is located only a short walk away from Mitcham schools and transport, with Eastlink, Tunstall Square and shopping centres nearby. The property features an immaculate garden, covered alfresco patio and a secure four car garage/workshop. The keen interest in the family property resulted in the home selling for well above the reserve price for an undisclosed amount.

The spacious contemporary home located at 84 Mountain View Road, Balwyn North has four bedrooms and three chic bathrooms. Located in the Balwyn High School zone and close to shops, schools, public transport and the Koonung Trail, the property has all of the desirable attributes to become a family home. The alfresco entertaining area features a solar heated pool and spa, with the front of the house presenting a lush garden. The English style home had five buyers on auction day, with the sale price of $2.38 million—$280,000 over the reserve!

Buyers of 1A Moona Street, Burwood East will be welcomed into an easy lifestyle, the home suiting downsizers, investors and first home buyers. The smartly presented home consists of two bedrooms and one bathroom, with a north-facing garden on the private block. The location of the home is also of appeal, with the Burwood Highway tram, supermarket, Deakin University and shops just around the corner. The property sold for $730,000—$100,000 over the vendor's reserve—with six bidders on the day.

The fantastic family home on a corner block at 5 Leeds Road in Mount Waverley is within the sought-after school zone for Mount Waverley Secondary College and Mount Waverley North Primary School. The stylish home has three bedrooms and one bathroom, zoned to suit a family with a central living and dining area, and an alfresco entertaining area. The home features a period-style renovated bathroom with a claw foot bath and a potential to redevelop. The home sold for above the reserve price for $1.3 million with five eager bidders.

Congratulations to our vendors and successful purchasers on the excellent results achieved!

Team Zervas right before the live auction of 4 Bennett Street in Burwood.