4/2 Clive St, Mt Waverley, sold during a competitive auction thanks to one key feature of the home’s location.
A Vietnamese family has ended a nine-month house hunt with a $753,000 auction win for a renovated home in one of Melbourne’s most fiercely contested school zones.
The buyers, whose daughter already attends Mt Waverley Primary, had missed out at several auctions before securing the two-bedroom unit at 4/2 Clive St in the coveted Mt Waverley Secondary College catchment.
The father, a lecturer in Vietnam, had been flying in for inspections, determined to keep the family within the prized zone.
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Ray White Mt Waverley’s Jacob Biviano said renovated units were a scarcity in the suburb and this one’s quality and location made it hotly contested.
“They’d been looking for nine months, missed out several times, and this time they weren’t leaving without it,” Mr Biviano said.
“Being in that school zone was non-negotiable, and renovated units like this just don’t come up very often here.”
The updated kitchen features stone benchtops, premium appliances and a cafe-style servery window opening to the north-facing deck.
The home is tucked at the rear of the block and had been comprehensively updated by its former owner, who lived in it for several years before renting it out.
Polished floorboards flow through open-plan living and dining, the kitchen features stone benches and premium appliances, and a cafe servery window opens onto a north-facing deck and synthetic-turf courtyard.
Two robed bedrooms, a modern laundry/bathroom, separate toilet, reverse-cycle heating and cooling, evaporative cooling and a carport round out the low-maintenance package.
Polished floorboards flow through the open-plan living, dining and kitchen area, creating a bright, low-maintenance space for family life.
More than 55 groups inspected the home during the campaign, with three bidders — including a local investor and a buyer from Camberwell — vying for it at auction.
The family prevailed just above the $700,000-$750,000 price guide.
Mr Biviano said the home’s location had all of the right ingredients for buyers.
“You can walk to Mount Waverley and Jordanville train stations, Hamilton Place shops are just around the corner, and you’re in one of Melbourne’s most sought-after school zones,” he said.
The property includes a dedicated carport space with easy access from the rear of the boutique block.
“The past fortnight has been noticeably busier, buyers know spring will bring more stock and more competition, so they’re acting now to get ahead of that,” he said.
The Ray White Mount Waverley agent said he believes Mount Waverley is poised for another growth surge, with the Suburban Rail Loop on the horizon and Monash and Deakin universities close by.
“Thirty years ago my father was selling here when it was still mostly market gardens,” Mr Biviano said.
“Now it’s a premium market in its own right, quieter than Glen Waverley but with exceptional schools.
“I think the capital growth here will rival and could potentially exceed Glen Waverley in the years ahead.”
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