A four-bedroom home at 50 Lahinch St, Broadmeadows sparked a bidding war on the weekend.
A heated bidding war in Broadmeadows pushed a modest family home $135,000 over the top end of its price guide, after getting snapped up by a Sydney investor.
The four-bedroom, two-bathroom property at 50 Lahinch St, Broadmeadows, which had been in the family for 53 years, had 20 eager bidders and offers flying in from all over the country.
The auction opened with a competitive bid of $600,000, higher than the initial price expectations of $550,000 to $590,000.
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Ray White Craigieburn’s Steph Shepherdson said the result “shocked” the crowd, highlighting Broadmeadows mounting interest and growth potential — particularly for first-home buyer families and interstate investors drawn to the 698sq m block’s subdivision prospects.
“In this area, especially with its rich family legacy, the dream (was to) pass this home onto another family rather than (to a) developer,” Ms Shepherdson said.
Ray White’s Steph Shepherdson was shocked with the level of interest in the property and is hoping for more strong sales in 2025.
The home includes a granny flat perfect as a teenager or young adults retreat.
The auction atmosphere “was electrified” when a bid of $650,000 was unexpectedly yelled out online via Zoom, catching local bidders off guard.
“The $650,000 bid took us all by the surprise – we had bidders online from Sydney, Perth and Queensland, with the successful bidder a Lebanese Sydney buyer,” she said.
“The feedback I’m getting, particularly from Queensland and Perth, is that they see themselves at the top of the market in Australia, with Melbourne at the bottom. They want to jump on Melbourne before the market bounces back.”
The impressive backyard of the Broadmeadows property, highlighting its subdivision potential that has been seen on other surrounding houses.
The home has been in the same family for three generations.
The property agent emphasised Broadmeadows’ strategic location near the city, train lines, and amenities.
“In a place like Broady, you’re not far out of the city, right on the train line, near schools and shops – It’s highly contested for its distance to the city,” she said.
“The investor plans on keeping the property as it is and renting it out.
“Look, I definitely hope for more results like this heading in 2025.”
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