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Modest Williamstown home sells for $5m
Modest Williamstown home sells for $5m

Herald Sun

time23-07-2025

  • Business
  • Herald Sun

Modest Williamstown home sells for $5m

A Williamstown home has changed hands for $5m, making it the highest residential sale in the bayside suburb so far this year. The four-bedroom property at 38 Hanmer St crack the $5m mark, where a comparable property recently sold for $4.6m. The home was combined with an architect-designed two-bedroom residence built from a converted garage during the Covid pandemic. RELATED: Call to give Boomers $1m housing tax cut Future of $150m Docklands project revealed Grim truth about Vic's noisiest suburbs The Agency Williamstown's Noah Lautman-Wurt said it was the flexible second dwelling that helped elevate interest beyond the usual premium benchmark. 'The front house had already been renovated to a very high standard, but the rear dwelling really offered that extra layer of flexibility that's so rare, whether for multigenerational living, renting out, or guests,' Mr Lautman-Wurt said. Designed by Roam Architects, the rear home — dubbed the 'Small House' — includes two bedrooms, two bathrooms, sculptural ceilings, a full kitchen and private courtyard, with Murphy bed functionality and adaptable zones that can serve as a home office, guest wing or teen retreat. Built by the owner, a local builder who had lived in the property for more than a decade, it was originally a garage before being transformed during Melbourne's Covid lockdowns. Mr Lautman-Wurt said the level of finish and maintenance across both dwellings gave buyers added confidence. 'It gave buyers confidence, this wasn't a cosmetic update or a flip,' he said. The Agency agent confirmed the home had sold to a local family who were drawn to the lifestyle and separation the layout allowed, particularly for ageing parents or older children still living at home. The front home retains its period character with high ceilings, ornate details and a skylit ensuite, but adds a freestanding tub, a solar-heated pool and spa, hydronic heating and stone finishes throughout, including an oversized family kitchen. Mr Lautman-Wurt said the campaign had been emotional for the sellers, who had raised their children in the home and lived in both dwellings across different seasons of life. 'The energy in the house was beautiful,' he said. He added the $5m result reflected continued strength in Williamstown's prestige market, with a small pool of buyers waiting for standout homes with land, heritage and modern liveability. 'There's always been a group of buyers waiting for the right home at this level, and they're willing to act when something like this comes up,' he said. The sellers are now downsizing, with the sale paving the way for their next chapter. 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: Scott Cam slams 'whingeing' Block couples Abandoned house beats price hopes at auction Iconic Melb barber shop hits market after 60 years

Buyers win their first home in Newport, pay $1.21m to beat downsizers
Buyers win their first home in Newport, pay $1.21m to beat downsizers

Sydney Morning Herald

time23-06-2025

  • Business
  • Sydney Morning Herald

Buyers win their first home in Newport, pay $1.21m to beat downsizers

A home in Newport sold at auction for $1.21 million on Saturday, when first home buyers outbid downsizers in a short three-minute auction. The double-fronted Victorian three-bedroom house at 1 Peel Street sat on about 326 square metres, within walking distance of Greenwich Reserve, Westbourne Grammar's campus, Hall Street shops and Newport station. The home was listed with a quoted price range of $1 million to $1.05 million. The reserve was set at $1.05 million. The three bidders included a downsizer with a buyers' advocate and a young couple from Seddon buying their first home; the third bidder was knocked out early on. The first home buyers ended up outbidding the downsizers after a rapid bidding war. 'Their attraction to this property was because it had been subdivided ... you have this opportunity to buy a grand Victorian home,' said Noah Lautman-Wurt from The Agency. 'The [buyers] are going to live in it, renovate it, and enjoy the amazing location.' Lautman-Wurt said homes in this pocket of Newport rarely came up for sale. 'The location's really rare ... my colleague has worked in Williamstown and Newport for 25 years, and has only sold one property in that pocket,' he said. 'The neighbour's been there for 74 years.'

Buyers win their first home in Newport, pay $1.21m to beat downsizers
Buyers win their first home in Newport, pay $1.21m to beat downsizers

The Age

time23-06-2025

  • Business
  • The Age

Buyers win their first home in Newport, pay $1.21m to beat downsizers

A home in Newport sold at auction for $1.21 million on Saturday, when first home buyers outbid downsizers in a short three-minute auction. The double-fronted Victorian three-bedroom house at 1 Peel Street sat on about 326 square metres, within walking distance of Greenwich Reserve, Westbourne Grammar's campus, Hall Street shops and Newport station. The home was listed with a quoted price range of $1 million to $1.05 million. The reserve was set at $1.05 million. The three bidders included a downsizer with a buyers' advocate and a young couple from Seddon buying their first home; the third bidder was knocked out early on. The first home buyers ended up outbidding the downsizers after a rapid bidding war. 'Their attraction to this property was because it had been subdivided ... you have this opportunity to buy a grand Victorian home,' said Noah Lautman-Wurt from The Agency. 'The [buyers] are going to live in it, renovate it, and enjoy the amazing location.' Lautman-Wurt said homes in this pocket of Newport rarely came up for sale. 'The location's really rare ... my colleague has worked in Williamstown and Newport for 25 years, and has only sold one property in that pocket,' he said. 'The neighbour's been there for 74 years.'

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