SOLD – A few 3 bedroom townhouses in Cheltenham

3 bedroom townhouse sales in 2013 have proven to be popular with a couple in particular attracting large audiences and multiple bidders on auction day…

15B Pine Street, Cheltenham, at the bowl of a no-thru road, came with great neighbours and close to it all!. Pine Street is the very first street running off Chesterville Road, only metres from the action (Southland, the Cheltenham Station and Shops). This auction had 4 bidders show up with 3 of them putting their hands up and bidder #4 finding that the auction was too fast paced, and knocked him out early. The end result was a $601,000 sale for this neat 3 bedroom townhouse. An amazing result given that many homes on full blocks  in the area are selling for similar prices (granted these homes are in need of some renovations).

Following on from that auction, we went to 1/22 Glebe Ave, Cheltenham, where my colleague Morgan had met dozens of buyers. The competitive bidding was amazing. On the day, only one lucky buyer was able to call it theirs after the bidding ended. The vendor asked that the price be undisclosed, however this home set new records in Cheltenham for what it had to offer (an original 3 bedroom, 2LUG front one of two on the block) and surpassed the vendor’s reserve by a phenomenal amount. This buyer will now be in the heart of it all, near the Sandbelt Golf courses and Cheltenham station and strip.
Happy purchaser of 2/20 Bendigo St.

Happy purchaser of 2/20 Bendigo St.

Then last weekend we had a far more modest crowd at 2/20 Bendigo Street, Cheltenham. This home wasn’t as big as Glebe Av or Pine St, however the vendor’s asking price was not in the same ballpark as those sales.  The old saying at auction is that you “only need one bidder” and this was the case at this auction. Ultimately selling for $490,000, the purchaser can now tell his friends that he has secured a piece of real estate in a fantastic street which has a lot of historical homes built around it on surrounding streets.
Peter Konidaris
Real Estate Advisor
Ray White Cheltenham
Mobile: 0421 274 996
Specialising in residential real estate sales in Cheltenham and surrounds.