Wednesday, 21 August, 2019

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Bumper auction result for popular Leabrook home


7 Knightsbridge Rd, Leabrook sold for $1.215 million at auction. Supplied by realestate.com.au.

It has a bright purple bathroom and wallpaper screaming yesteryear. But despite its rather unique interior, this Leabrook home didn’t fail to impress buyers, selling under the hammer for a staggering $1.215 million.

The renovator’s delight at 7 Knightsbridge Rd, attracted 18 registered bidders and sold in front of a crowd of 200, according to selling agent Alexi Broikos of Refined Real Estate.

He said bidding started at $800,000 and quickly exceeded its reserve, which had been set below $1 million.

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7 Knightsbridge Rd, Leabrook. Supplied by realestate.com.au.

7 Knightsbridge Rd, Leabrook. Supplied by realestate.com.au.

“We had aggressive bidding with three hands flying up at the same time at one point,” Mr Broikos said.

“Then, at the $1 million mark, we had two buyers battling it out for the remaining $215,000.

“In the end, it sold to a buyer who is looking to knock it down to build his dream home.”

Set on over 700sqm of land with a 21.7 metre frontage, the home was perfectly suited to an easy renovation.

7 Knightsbridge Rd, Leabrook. Supplied by realestate.com.au.

7 Knightsbridge Rd, Leabrook. Supplied by realestate.com.au.

It featured four bedrooms, two bathrooms, an open-plan meals area, and a large rumpus with extra storage.

But it was the home’s location that attracted over 300 groups to open inspections, Mr Broikos said.

7 Knightsbridge Rd, Leabrook. Supplied by realestate.com.au.

7 Knightsbridge Rd, Leabrook. Supplied by realestate.com.au.

“The home is set in a beautiful street with an impressive frontage. There’s a real shortage of these type of homes, which is why we had such great interest,” he said.

“If I had another 10 like this one, they’d be all gone.

“In fact, many of the buyers there kept on saying to me ‘what bad market?’ and to be honest, the past months has been going really well – better than the previous three months.

“So there are buyers out there. Especially for properties along the eastern belt. We just need more (listings).”

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