Young tradies were among five bidders who saw big potential in modest three-bedroom brick house in one of Herne Hill’s best streets.
Cash splashed on upgrades in the neighbourhood highlighted the potential waiting to be unlocked at a Herne Hill home that attracted five bidders.
Young tradies were among those competing for the three-bedroom brick house auctioned at 13 Turkeith Ave on Saturday.
It sold to a qualified builder for $830,000, beating reserve by more than $110,000.
Buxton agent David Gray said the buyers had recently completed another renovation in Herne Hill and were planning to do the same again in a better street.
He said Turkeith St, just around the corner from Minerva Rd shops and schools, ranked among Herne Hill’s best addresses.
“He’s going to an immediate renovation, they got a 30-day settlement,” Mr Gray said.
“We had a couple of young tradies – the shed was a big drawcard and the position in a leafy street.
“(The buyers) have just finished another renovation in Herne Hill and they’re probably going to do a carbon copy but in a better street.
“You can change the house but you can’t change the street.”
The 580sq m block provides the opportunity to extend either up or out while retaining the home’s original character, such as a lounge with a curved wall, timber floorboards and decorative plasterwork.
A large 6.5m by 10.5m shed was an extra carrot for tradies looking to store vehicles and equipment.
Bidding opened at $700,000, with the final two buyers driving the price above $800,000.
Mr Gray said buyers only had to look around to see the renovations and knockdown rebuild projects that underscored why Herne Hill was now a $1 million suburb.
“There’s quite a substantial renovation a few doors down so it gives you confidence that you’re not going to be the first one in the street spending big money,” he said.
Originally published as Original home in top Herne Hill street has young tradies lining up