3/106 Rennie Street, Coburg sold under the hammer for $857,000.
A young couple snapped up their first home in Coburg at its Monday night auction which was brought forward by nearly a week because of how popular the abode was.
The two-bedroom unit at 3/106 Rennie St was sold for $857,000 — $117,000 above its $740,000 reserve price.
The property was initially listed with a $680,000-$730,000 asking guide.
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McGrath Northcote principal Gino De Lesi said he received an early offer of $740,000 for the unit and when he went to advise the other seven prospective purchasers that there was an offer on the table the seller was willing to take, he brought the auction forward.
![](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 1280 720"%3E%3C/svg%3E)
The spacious living room.
The dining space is adjacent to the living room.
At the early auction, Mr De Lesi said three of the seven interested parties contested for the home, with the auction starting on a bid of $740,000.
“So the actual buyer that made the offer obviously didn’t get a chance to put their hand up again,” he said.
“There was three buyers and then it came down to two right at the end and sold for $857,000. It was a great result.”
The green and yellow kitchen.
He added that there was certainly a bit of confidence and demand back in the market.
“Every second buyer that had interest in the property … kept on asking if the owners (were) open to selling before auction,” he said.
“That generally sends the message that there’s fear of missing out.”
CoreLogic records reveal the seller purchased the unit for $705,000 in October 2019 after it was listed for $590,000-$640,000 in September that year.
The unit has an outdoor entertainment area, two bedrooms with wardrobes and semi-vaulted ceilings throughout.
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sarah.petty@news.com.au
