A trio of first-home buyers had a free run to compete for a “very original” Highton home where the work required to bring it up to scratch as a rental put off potential investors.
The three-bedroom house at 11 Amoore Ave sold for $531,000 at Saturday’s auction.
Hayeswinckle, Highton agent Michelle Winckle said the 651sq m property went to auction with a $500,000 reserve.
Competition for the house was confined to the three bidders, all local first-time buyers, Ms Winckle said.
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11 Amoore Ave, Highton, went to auction on Saturday.
“It was very original. It needed a lot of work done, so it wasn’t really open for any investors,” she said.
“If investors had bought it, they would have had to spend money on it straight away to get it rented.
“So it was one of those homes that first-home buyers really had a chance, but whoever bought it has to spend the money to do it up.”
Ms Winckle said the “blank canvas” needs vision, offering a three-bedroom house that has “great bones”.
11 Amoore Ave, Highton, sold for $531,000 at auction.
The property last sold in 2012 for $325,000 and was subsequently rented out.
The brick veneer house has three bedrooms, two bathrooms, central heating, timber floorboards and rumpus room at the back.
The beauty is a first-time buyer could take their time, Ms Winckle said.
“He’s happy to live in it as long as he needs to and then over time he’s do work to it,” she said.
CoreLogic records show the property was the cheapest price for a stand-alone house in the past 12 months in Highton.
The median house price in Highton is $868,000, according to PropTrack data.
The rumpus is one of two living areas in the home.
An updated three-bedroom house at 15 Amoore Ave sold for $700,000 two weeks ago
It’s the eighth house to sell in Amoore Ave in the past two years amid a changing of the guard in the Highton neighbourhood behind Clairvaux Catholic School.
In fact 16 houses have changed hands in the pocket including Amoore Ave, Roycroft Ave, Northam Ave and the end of Belle Vue Ave.
“I think more younger people are buying in to that pocket and starting to do up the homes around that area because it backs on to the school and it’s near McDonald Reserve.
“Homes in that area have been left for a while and now people are coming in and they’re renovating them and it’s really changing the aspect.”
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