It was one of 689 auctions scheduled in Melbourne on Saturday.

Earlier in East Melbourne, an aged two-bedroom apartment with no internet connection sold in a short and sharp auction.

The unit at 20/22 Agnes Street attracted three bidders, one of whom was unknown to Caine Real Estate agent and auctioneer Toby Campbell.

The apartment was located in East Melbourne’s tiny Jolimont pocket, and had been recarpeted and given a fresh coat of paint but could use further upgrades, Campbell said.

“It’ll need to have a full overhaul really, which the next people will do I’m sure,” he said. It’ll need a new kitchen and things like that and things like modern updates haven’t been done.

“It’s got no heating, no cooling, no internet.”

Campbell listed the property with a price guide of $800,000 to $850,000. The auction began before he could finish asking for a first bid, when a buyers’ advocate quickly offered $820,000 for the property.

The home was on the market two bids later when the price reached $850,000, passing the $840,000 reserve.

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Almost 20 bids later the apartment sold for $906,000, $66,000 more than the reserve price.

Campbell said it sold to an owner-occupier with ties to the area.

East Melbourne had been largely unaffected by the market weakness caused by high interest rates, he said.

“We do not see any effects of interest rate rises because most people have sold to move here or most people consider these as discretionary purchases, where they are buying to be close to the MCG and close to the city,” Campbell said.

“So they’re not first home buyers, they’re not young families.”

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