A Box Hill South homebuyer outbid themself after winning an auction to avoid an “unlucky” price.
It proved an ace result for the apartment built in a former squash court, and retaining the original floorboards.
The middle-aged Chinese buyers won the keys to 2/310 Station St with a $658,000 offer, but later told Fletchers Manningham agent Stephen Cook they had no intention of paying that figure, because it was an “unlucky number”.
They eventually paid an undisclosed price above the final bid.
Despite a successful, if unusual outcome, the auction got off to a slow start with a $600,000 vendor bid.
Lingering rain had forced the auction and a small crowd of 15 onlookers inside, with vendor Mary Moore waiting for a result upstairs.
A young couple, the only others to bid for the home, offered a $10,000 rise before the auction stalled and agents consulted Ms Moore.
After the break, the eventual buyers entered the auction at $620,000, with incremental increases below $10,000 for the remainder of the auction.
With the bidding at $640,000, the auctioneer was about to go upstairs to ask the vendor if the auction was live, but was met halfway by a broadly grinning friend of the vendor with two thumbs up.
The same friend had earlier commented “I’m just here to drink champagne”, words that proved prophetic as three more bids put the middle-aged buyers in charge of the keys.
The couple plan to use the apartment as an investment property with the option of moving in later.
The three-bedroom unit, still with marks on the floorboards from its former use as a squash court, was listed with a price guide of $640,000 to $700,000.
A double height void, white walls and decorative stair balustrade completed the squash court feel.
Mr Cook said there had been increased activity at auctions.
“There’s added confidence compared to late last year and it has shown at auctions,” he said
This article was first published in www.realestate.com.au. Here is the link to the original article: https://www.realestate.com.au/news/buyer-asks-if-they-can-pay-more-in-bizarre-twist-for-former-squash-court/