Flemington home sells for $1.95 million at auction

A couple has purchased a newly renovated, architect-designed home in Flemington for $1.95 million. The auction took place on Saturday, attracting a crowd of over 100 people. This four-bedroom Victorian home, located at 93 Shields Street, features large windows, a pergola covered in vines, and a plunge pool. The home was initially listed with a price guide between $1.55 million and $1.7 million. It had a reserve of $1.7 million. Three bidders competed during the auction, which opened at $1.55 million. The excitement grew as bidding intensified, especially between two young couples. The winning couple, who had just returned from Italy, made a surprising bid of $50,000 at the end, securing the property. Real estate agent Ryan Currie noted that interest in the market is increasing. He mentioned that the market has been improving since mid-February, prior to a recent interest rate cut. In Cheltenham, another four-bedroom home sold for $1.15 million to a couple who wanted to be close to the beach. The auction at 42 Snowdon Drive had three bidders and about 70 attendees. Bidding started at $1 million and quickly rose, ultimately leading to a successful bid from a couple who enjoy running and triathlons. In Northcote, a renovated four-bedroom home sold for $2.83 million after a competitive bidding war between two couples. This property attracted attention due to its location and modern updates. Meanwhile, in Frankston North, a three-bedroom home drew eight bidders and sold for $673,000, exceeding its reserve of $540,000. The auction had nearly 140 attendees, and the winners were two brothers supported by their parents. The strong demand for homes in this area reflects growing interest in the housing market.