(Snippet from the Leader by Mind Haw Lim)
8 Turnberry Court, Rowville had nine bidders to give the vendors a windfall.
A Vermont couple went to an auction in Rowville and came home with a surprise for their daughter.
When she returns from visiting Hong Kong, it will be the first time she will be seeing her new home at 8 Turnberry Court, Rowville.
Her parents paid $1.112 million as a gift for her and her young family.
“She was in Hong Kong and has not seen the property but her parents decided to buy it for her,” Ray White Rowville agent Dean Allsop said.
The four-bedroom house with a beautiful outdoor entertainment area was a popular listing due to its attractive $800,000-$880,000 price guide. It had more than 100 groups at inspections.
Earlier, there were concerns the value of the house value would be adversely affected by an upcoming 800-lot estate on the former Kingston Links golf course, Mr Allsop said.
“There were some buyer concerns because the house was going to back onto a new estate instead of golfing greens,” he added.
“But it is a beautiful home and in the end it soared well past the reserve price.”
Recent sales of similar nearby houses have been in the $850,000-$860,000 range and so the vendors decided on a reserve of $860,000.
Nine bidders turned up to make it a long auction that stretched almost 30 minutes and it sold $252,000 above the reserve.
“The Chinese couple bought the property as a first home for their daughter and her family,” Mr Allsop said.
“The vendors were in shock at the result and will now happily retire to Torquay, having raised three daughters in the house.”
The double-storey house on 780sq m was well presented and offers formal, family and casual zones and an open-plan kitchen.