Why this renovated Rowville home fetched $1.2m
The Rowville family home that sold for $1.2005m, more than $100k above the top of its price guide.
A Rowville family who spent nearly a decade shaping their dream home have sold it for $1.2005m, more than $100,000 above the top of its price guide.
Vendors Mary and Nick Nikos's renovated three-bedroom home had $1m-$1.1m price hopes, but strong interest throughout the campaign translated into fierce competition on auction day.
Buxton Oakleigh auctioneer and director Peter Gigis said four bidders fought it out after the home was declared on the market at $1.1m, with offers climbing in $10,000 and $4000 increments before narrowing to final $500 bids.
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CoreLogic records show the couple purchased 2 Moama Place for $630,000 in 2015, and overhauled it with a focus on family functionality and warm, timeless design.
Their favourite addition?
The open-plan kitchen, which Mary described as the 'heart of the home' , a space that once held more than 40 people during family events.
The original kitchen before renovation, now transformed into a warm, open-plan entertainer's hub described as the 'heart of the home.'
The renovated open-plan kitchen that once hosted 40 guests and helped seal the $1.2m sale, featuring Bosch appliances and oak floors.
'We've had babies take their first steps here, we've hosted huge gatherings, it's full of memories,' she said.
'It's bittersweet, but with baby number four on the way, it's time to start the next chapter.'
The home backs directly on to Waterford Valley Golf Course and features solid American Oak floors, Bosch appliances, underfloor bathroom heating, solar panels, and a 48sq m shed with a kitchenette and toilet, ideal for the perfect mancave, trades or home business use.
The backyard before landscaping and upgrades, now replaced with a manicured family-friendly space backing onto Waterford Valley Golf Course.
The upgraded exterior with shed, solar panels and direct golf course access a lifestyle combo that drew fierce auction interest for the Melbourne southeast home.
PropTrack data shows Rowville's median house price has climbed 5.2 per cent in the past year to $970,000, with family homes in quiet courts continuing to attract strong buyer demand.
Mr Gigis said Rowville's balance of green space, schools and family-friendly infrastructure was continuing to fuel confidence among upsizers and long-term owner-occupiers.
The stylish bathroom includes underfloor heating, just one of many high-end touches that appealed to owner-occupiers.
The 48sq m shed with kitchenette and toilet, ideal for a man cave, trades, or home business use, adding serious buyer appeal.
'This wasn't an investor property,' Mr Gigis said.
'It was a genuine family home in a cul-de-sac with golf course views.
Those sorts of homes are getting harder to find and buyers know it.'
The lounge area pre-renovation, now a modern, light-filled family space with a fireplace and oak flooring.
The revamped living room with fireplace, perfect for family gatherings part of a renovation focused on warmth and functionality.
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Herald Sun
a day ago
- Herald Sun
Why this renovated Rowville home fetched $1.2m
The Rowville family home that sold for $1.2005m, more than $100k above the top of its price guide. A Rowville family who spent nearly a decade shaping their dream home have sold it for $1.2005m, more than $100,000 above the top of its price guide. Vendors Mary and Nick Nikos's renovated three-bedroom home had $1m-$1.1m price hopes, but strong interest throughout the campaign translated into fierce competition on auction day. Buxton Oakleigh auctioneer and director Peter Gigis said four bidders fought it out after the home was declared on the market at $1.1m, with offers climbing in $10,000 and $4000 increments before narrowing to final $500 bids. RELATED: Shock twist in Australia's property market 'Be realistic': Melb buyers warned Melb suburbs where units save you $1m CoreLogic records show the couple purchased 2 Moama Place for $630,000 in 2015, and overhauled it with a focus on family functionality and warm, timeless design. Their favourite addition? The open-plan kitchen, which Mary described as the 'heart of the home' , a space that once held more than 40 people during family events. The original kitchen before renovation, now transformed into a warm, open-plan entertainer's hub described as the 'heart of the home.' The renovated open-plan kitchen that once hosted 40 guests and helped seal the $1.2m sale, featuring Bosch appliances and oak floors. 'We've had babies take their first steps here, we've hosted huge gatherings, it's full of memories,' she said. 'It's bittersweet, but with baby number four on the way, it's time to start the next chapter.' The home backs directly on to Waterford Valley Golf Course and features solid American Oak floors, Bosch appliances, underfloor bathroom heating, solar panels, and a 48sq m shed with a kitchenette and toilet, ideal for the perfect mancave, trades or home business use. The backyard before landscaping and upgrades, now replaced with a manicured family-friendly space backing onto Waterford Valley Golf Course. The upgraded exterior with shed, solar panels and direct golf course access a lifestyle combo that drew fierce auction interest for the Melbourne southeast home. PropTrack data shows Rowville's median house price has climbed 5.2 per cent in the past year to $970,000, with family homes in quiet courts continuing to attract strong buyer demand. Mr Gigis said Rowville's balance of green space, schools and family-friendly infrastructure was continuing to fuel confidence among upsizers and long-term owner-occupiers. The stylish bathroom includes underfloor heating, just one of many high-end touches that appealed to owner-occupiers. The 48sq m shed with kitchenette and toilet, ideal for a man cave, trades, or home business use, adding serious buyer appeal. 'This wasn't an investor property,' Mr Gigis said. 'It was a genuine family home in a cul-de-sac with golf course views. Those sorts of homes are getting harder to find and buyers know it.' The lounge area pre-renovation, now a modern, light-filled family space with a fireplace and oak flooring. The revamped living room with fireplace, perfect for family gatherings part of a renovation focused on warmth and functionality. Sign up to the Herald Sun Weekly Real Estate Update. Click here to get the latest Victorian property market news delivered direct to your inbox. MORE: Bachelor couple eyeing $6m+ payday Aussie NBA legend set for huge $4m move $32m Mill deal reveals major players' interest
News.com.au
a day ago
- News.com.au
Why this renovated Rowville home fetched $1.2m
A Rowville family who spent nearly a decade shaping their dream home have sold it for $1.2005m, more than $100,000 above the top of its price guide. Vendors Mary and Nick Nikos's renovated three-bedroom home had $1m-$1.1m price hopes, but strong interest throughout the campaign translated into fierce competition on auction day. Buxton Oakleigh auctioneer and director Peter Gigis said four bidders fought it out after the home was declared on the market at $1.1m, with offers climbing in $10,000 and $4000 increments before narrowing to final $500 bids. 'Be realistic': Melb buyers warned CoreLogic records show the couple purchased 2 Moama Place for $630,000 in 2015, and overhauled it with a focus on family functionality and warm, timeless design. Their favourite addition? The open-plan kitchen, which Mary described as the 'heart of the home' , a space that once held more than 40 people during family events. 'We've had babies take their first steps here, we've hosted huge gatherings, it's full of memories,' she said. 'It's bittersweet, but with baby number four on the way, it's time to start the next chapter.' The home backs directly on to Waterford Valley Golf Course and features solid American Oak floors, Bosch appliances, underfloor bathroom heating, solar panels, and a 48sq m shed with a kitchenette and toilet, ideal for the perfect mancave, trades or home business use. PropTrack data shows Rowville's median house price has climbed 5.2 per cent in the past year to $970,000, with family homes in quiet courts continuing to attract strong buyer demand. Mr Gigis said Rowville's balance of green space, schools and family-friendly infrastructure was continuing to fuel confidence among upsizers and long-term owner-occupiers. 'This wasn't an investor property,' Mr Gigis said. 'It was a genuine family home in a cul-de-sac with golf course views. Those sorts of homes are getting harder to find and buyers know it.'
Sydney Morning Herald
2 days ago
- Sydney Morning Herald
In some Sydney suburbs, house prices just rose $200,000 in three months
A handful of Sydney's inner-west suburbs have recorded the strongest house price growth over the past three months, data shows. North Strathfield topped a list of 10 suburbs by rising 8.9 per cent, or $211,255, to a median house price of $2,583,539 on Cotality (formerly CoreLogic) data for the three months to the end of May. It was followed by Rodd Point, up 7 per cent ($203,121); Abbotsford, up 6.9 per cent to $220,147; and Concord West, up 6.3 per cent to $168,158. The top 10 list included pockets of North Sydney and Hornsby, the inner city, the south-west, the eastern suburbs and the Central Coast. Experts attributed the price rises to a limited supply in tightly held suburbs, as well as new infrastructure and rezoning plans by the NSW government that intend to speed up construction and increase density around transport hubs. Transport-oriented developments (TODs) will deliver up to 31,855 new homes – including 3348 for affordable housing – on the north shore and in the city's inner west and south-west. The Homebush TOD precinct includes about 200 hectares between the Sydney and Parramatta CBDs. Rezoning will allow residential, commercial and recreational land use near four railway stations – Homebush, North Strathfield, Strathfield and Concord West – and a future metro station at North Strathfield. Cotality head of Australian research Eliza Owen said North Strathfield, Rodd Point, Abbotsford and Concord West were in the higher price bracket for the inner west and were marked for significant development.
