A Yarraville pad, transformed from its humble beginnings as part of a hessian bag factory into a stylish house, has sold $115,000 above reserve.
Rain poured down as three bidders battled for architect Angela Banks’ expertly renovated home at 28 Tarrengower St, pushing its sale price to $1.315 million.
Ascot Vale downsizer Wayne Boyd won the keys to end his almost eight-month search for new digs.
“I was sick of losing auctions,” he said.
“The location is the main thing. I also like the style of it.”
Mr Boyd was supported at the auction by his two daughters, who will regularly stay with him at the three-bedroom house.
Ms Banks, director of Angela Banks Architect, and her husband Jo bought the 1880s property about 15 years ago. CoreLogic records show it fetched $290,000 then.
She said the house started its life as an office or shop connected to a factory that supplied hessian bags for the docks.
It was renovated in the ‘60s, but needed “a lot of work” when they took it on.
“Just before we bought it, there was a fire in the back,” Ms Banks said.
“It was also lacking character.”
The couple restored the Victorian facade and essentially built a new double-storey house behind it, with an aim to get as much living space on the “tiny” 115q m block as possible.
Ms Banks said she and Jo had their children Finley, 12, and Amelie, 10, while living in the house, and had enjoyed the fact it offered an adults’ domain downstairs and a kids’ retreat upstairs.
“(The kids are) pretty upset — they love the house,” she said.
“We’ve got another place to go to, so it’s exciting at the same time.”
The family is upsizing to neighbouring Seddon, and plan to renovate their next house as well.
Jas Stephens auctioneer Tate Moore told the 50-odd person auction crowd the once “humble” property had been given a “tripe-A renovation”.
He took 22 bids from a $1.1 million starting point to sell the home “in the middle of Yarraville village” under the hammer.