Posted: 2024-11-16 02:53:48

A four-bedroom home in Aberfeldie passed in at auction on Saturday after just one bidder put forward a single offer, while two other parties failed to show up.

The sole bidder offered up a $1.6 million bid for 34 Batman Street, below the bottom end of the listed $1.68 million to $1.84 million price guide.

It was one of 1183 homes scheduled to go under the hammer in Melbourne on Saturday.

McDonald Upton auctioneer Milo Rasinac then placed a vendor bid of $1.65 million, at which point the property was passed in.

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The interested buyer, a family from the neighbouring Moonee Valley area, offered up $1.66 million post-auction, but that was also knocked back.

The spacious home, which is located near sought-after schools in the Essendon area, had a reserve of $1.93 million.

Despite two bidders failing to show at auction, Rasinac said there are three parties interested in the property and expects it to sell in the coming weeks.

“The vendors are just sitting tight at the moment, and I don’t know whether it’ll be this week, but there are certainly three parties that we’re dealing with in the hope that we do sell in the next couple of weeks,” he said.

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