A five-bedroom home in Avondale Heights with a pool and tennis court sold to a young couple for $3,025,000 at auction on Saturday, smashing the suburb’s previous sales record by almost half a million dollars.
Five parties turned out to bid on 14 Lorgrove Court, which was listed with a price guide of $2,350,000 to $2,585,000.
One party put forward an opening bid of $2 million, but Jellis Craig auctioneer Christian Lonzi rejected the offer for being below the price guide.
Lonzi placed a vendor bid of $2.35 million and the auction got moving, with all five parties trading $50,000 bids until the price hit $3 million.
From there, the underbidder – a family wishing to upsize – offered a $15,000 rise. Lonzi thought the auction was all over before the ultimate buyers, a couple from neighbouring Maribyrnong, put forward another $10,000 to purchase the spacious home for $275,000 above the $2.75 million reserve.
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Lonzi said the “really special” home was a “lifestyle property” that had attracted interested families from across Melbourne.
“I really believe the home deserved [the price] it got. It’s one of the most special homes I’ve sold.”
The result smashed previous the Avondale Heights record of $2.54 million, which was set in 2021 by 104 Templewood Crescent.