Auction properties pass character test

Well-located character homes continue to be top of the wish-list for many South Australian buyers.

Three recent Toop&Toop property auctions certainly strengthened that claim, with each home achieving an excellent result on the back of strong buyer interest.

Sales Partner Ryan Yuan, who took homes in Magill and Glenunga to auction on consecutive days, said the combination of a focused marketing strategy and sales campaign had proved a winning formula.

“Because stock levels are quite low at the moment, we’re seeing very strong demand for quality properties,” Yuan said.

“I encouraged the vendors to sell under auction conditions and to keep the campaign quite short.

“It’s an excellent time to sell these style of homes – and the results of the auctions showed that.”

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A property at 16 Ormond Avenue, Magill proved popular with families looking for room to move in a desirable eastern-suburbs location.

Situated on a 919m2 block in one of Magill’s best street, the home had undergone renovations to the kitchen, bathrooms and laundry but retained its character features.

Under the call of Toop&Toop auctioneer Bronte Manuel, the home was eventually knocked down for $950,800.

“The land alone had significant value and buyers recognised that,” Yuan said.

“There was solid interest in the home leading up to the auction and the bidding activity reflected that. It was a pleasing result.”

Yuan’s next property, a stylish sandstone-fronted home at 86 L’Estrange Street, generated huge buyer interest.

With 13 registered bidders, the auction attracted 30 bids before selling for $1,205,000, again to the call of Manuel.

Yuan said the home’s dress-circle location next to the Glenunga Hub’s recreation and sporting facilities had proved a major selling point.

“The Glenunga auction was an amazing result,” he said.

“We helped the vendors source trades to do some minor work to the property before taking it to market and we also had the home styled.

“There was excellent interest in the home from the first viewing but the result on auction day still exceeded our expectations.

“The vendors were thrilled and the buyers were equally excited to secure the home.”

Toop&Toop Sales Partner Thomas Crawford also achieved a strong auction result for a classic symmetrical villa at 48 Thomas Street, Croydon.

An easy stroll to the popular Queen Street retail and dining strip, the four-bedroom home on almost 700m2 sold for $751,000 to the call of auctioneer Vincent Doran.

The result was especially significant because the property had previously been listed with another agency without success.

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