27 Chelsworth Loop, Craigieburn sold under the hammer.
A couple snapped up a Craigieburn home for more than $130,000 above the top end of its price hopes at its weekend auction.
The four-bedroom renovated abode at 27 Chelsworth Loop attracted seven bidders when it went under the hammer on Saturday morning, initially with a $620,000-$650,000 asking guide.
Bidding began at $600,000 and rose in predominantly $10,000 increments aside from an unexpected offer of $50,000 which swiftly brought bidding up to $700,000 in the middle of the auction.
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Offers on the residence continued, until it was sold to a local couple for a whopping $786,000.
Seller Renee Johnston said she was relieved and very happy with the sale.
She said she had many fond memories in the nearly 17 years her and her family had lived in the Craigieburn abode, including when she was proposed to.
“We brought all three of our kids (up here), this was their first home. We also got engaged in our house,” Ms Johnston said.
“It has been a really great place to live.”
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The kitchen is fitted with dual ovens, a large stone benchtop and plenty of storage.
The 39-year-old added that her family had chosen to make a lifestyle change and relocate to an acreage for more space, but wanted to replicate elements of their current home in their new residence.
“We’ve just made it into our real, little abode,” she said.
“We’ve taken years and years, but we’ve got everything we ever wanted within it.”
Ms Johnston said they had extended the house and renovated the kitchen and bathrooms in the time they had lived there.
CoreLogic records reveal she purchased the abode for $292,000 in June 2008.
Undercover entertaining space with a fireplace.
Ray White Craigieburn auctioneer and agent Trish Orrico said the auction was “insane” with the property selling well above its undisclosed reserve price.
“It was definitely unexpected. The owners are blown away,” Ms Orrico said.
“I just don’t think any economist or so called expert out there can actually predict (the market at the moment) like we were not expecting that at all.”
She added that there were multiple buyers in the market and a lot of bidding activity.
“Even though there’s a lot of buyers around, it is still a strong seller’s market,” she said.
“I think the interest rate cut probably gave buyers a bit more confidence as well in their bidding capacity.”
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sarah.petty@news.com.au
