A Reservoir vendor whose first home sold $182,000 above reserve was delighted by the deal, but still emerged with a hint of seller’s remorse.
Mark Jackman and Erica Svenson relocated to New Zealand earlier this year.
But they flew back to Melbourne on Saturday specifically to watch 4 Jackson St go under the hammer, with a return trip booked for Sunday.
It was the first time Ms Svenson had seen the three-bedroom house since June, with an extensive renovation in the meantime transforming it into her dream home.
“I hadn’t seen it since the renovation, and it’s the home I want now,” Ms Svenson said.
“I finally got my new bathroom.”
While the update made saying goodbye harder than expected, it helped lure seven bidders to the auction.
The house hit its $780,000 reserve in four bids, and the price kept rising to a $962,000 sale.
“I was just incredulous as it happened. I didn’t think the market had bounced back to that extent,” Ms Svenson said.
Mr Jackman said they’d loved their time at the home, but their return to New Zealand was prompted by a job offer “we couldn’t say no to”.
“It was our first house, so there will be lots of little things we will miss,” he said.
The pair bought it for $630,000 in 2014.
First-home buyers Sid and Deepika Gahlod said they had bid $40,000 past their limit to win the keys.
But after a year spent house hunting, they believed they had to move now before the market rose further.
“We weren’t expecting it to go that high, but we didn’t want to let it go,” Ms Gahlod said.
Harcourts Rata & Co auctioneer Daniel Galea said the auction “really took off” after a slow start.
“It escalated pretty quickly — there were a couple of very serious buyers,” Mr Galea said.
A sale price close to $1 million for a 642sq m property showed how far Reservoir had come, he said.
“This shows that location is a key criteria for families. And at 12km from the CBD, gone are the days of Reservoir having a stigma.”