Cheltenham Real Estate Results – The weekend that was 26/11 to 27/11/2011

With a bit of sunshine and a LOT of rain thumping down this weekend, we must say that our auction results this weekend were promising!

PROPERTY IN FOCUS
3/8 Hilda Street, Cheltenham
Sold for $524,000

3/8 Hilda Street, Cheltenham - Sold for $524,000 at auction 26/11/2011


Hilda Street always seems to attract a lot of attention with great results. Mostly owner-occupied with a lot of lovely people living in the area, it is still close to everything. I think the buyers were aware of this too which added extra bidding confidence on the day.

This neat unit had 3 bedrooms, 2 bathrooms and was very well kept and came with a large yet low-maintenance entertaining area out back.

The price was very strong in this market, considering that some 4 bedroom homes on full blocks are selling for under $500,000 at the moment in Cheltenham. Obviously as this street has so much appeal, the purchaser has bought into one of the better areas in Cheltenham and should be very happy with their new acquisition!

As we approach Christmas, fewer homes are available for sale. It’s a good time to sell as there won’t be as much stock up against yours, and believe it or not, a good time to buy too as only the serious buyers will continue looking for homes while a few drop off to travel over the festive season.
Peter Konidaris
Real Estate Advisor
0421 274 996
peter.konidaris@raywhite.com
Specialising in real estate for sale in Cheltenham and surrounds. 

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