2 days ago
Maribyrnong home sells for $1.8m in heated auction
A Melbourne family home has surged $400,000 past reserve to hit a $1.8m price tag, and the winning buyers came all the way from Aspendale to return to the estate they once called home.
The four-bedroom residence at 36 Cumberland Drive, Maribyrnong, sold under the hammer in the biggest house sale across Melbourne for the weekend, according to public auction results.
Set on a rare 467sq m block in the prestigious Edgewater Estate, the home delivered three separate living zones, a study, and seamless indoor-outdoor flow to a decked alfresco area.
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Hockingstuart Yarraville auctioneer Fernando Costa said while some buyers had hesitated over minor signs of age, the final result was proof of the home's position — and potential.
'It absolutely exceeded expectations,' Mr Costa said.
'The fresh paint, new carpets, professional styling, all of that helped.
'But what really sold it was the location. You don't get many double blocks in Edgewater. This was a unicorn.'
Bidding kicked off at $1.4m — below the quoted $1.7m-$1.75m price guide — before climbing in steady $20,000 and $10,000 jumps.
The home was called on the market at $1.7m, triggering a late entry from a third bidder. It eventually sold for $1.8m.
Mr Costa said the buyers, who had previously lived in the Edgewater estate before relocating to Aspendale, were determined to return.
'They already owned a property just a street away,' he said.
'They loved the lifestyle so much they came back. That says everything.'
The block's extra width allowed for an expansive floorplan that resonated with families, featuring a downstairs main suite, upstairs retreat, formal lounge, home office and open-plan living.
The Hockingstuart Yarraville auctioneer said the Maribyrnong home was the kind that grows with you. .
'You've got space for kids, work-from-home flexibility, and zones to entertain,' Mr Costa said.
'Edgewater Estate remains one of the most tightly held precincts in the northwest, with riverfront trails, cafes, a marina, Flemington Racecourse and Highpoint Shopping Centre all within walking distance.
'Edgewater has been a top performer in this part of Melbourne for years.'
The $1.8m sale was topped only by a $1.92m auction of a acreage lifestyle compound in Diggers Rest, which featured two residences and panoramic city views.
