Box Hill South seller nets $1M+ auction,
A homeowner in Box Hill South initially experienced “cold feet” and postponed her auction earlier this spring.
However, she ultimately sold her home for a surprising result of over $1 million.
Interestingly, the main road location that agents feared might hinder the sale became a key attraction for the buyer.
The buyer intends to run a dental practice from the property, which adds to its appeal.
Louise Eggleston has lived in her home at 154 Station St for 29 years, where she raised her children.
She also works just down the road at the Box Hill Golf Club.
Despite her strong ties to the area, she reluctantly decided to sell a year ago as she planned her next chapter.
“It was quite nerve-racking,” Ms. Egglestone stated. “I began the process earlier this year but got cold feet due to discussions about interest rates.”
Ultimately, she concluded it was time to move forward with her plans.
Her auction had been initially scheduled for September 21, but she postponed it by just over a month.
This additional time provided her with the breathing space needed to feel more confident that a sale would be successful.
“I still felt nervous, but not as much as I had in the lead-up,” she remarked.
“In the end, I just had a positive feeling about it.”
Yesterday, she celebrated her success with champagne and enjoyed some time relaxing in her garden.
Ms. Eggleston mentioned she would miss spending sunny afternoons enjoying her garden, but noted that the suburb has changed significantly since she moved in.
While the growing variety of restaurants has been a positive development, she feels a bit sad that the greenery around her home is becoming less common.
Daniel Bullen, director at Jellis Craig Whitehorse, explained that the sale resulted from a competition between a first-home buyer and someone intending to use the property for work.
“The buyer plans to run a dental practice from the location,” Mr. Bullen stated, highlighting the buyer’s intentions.
Surprisingly, having four bidders attend the auction was unexpected.
“Due to its main road location, we initially thought it might sell for around $900,000, less than $1 million.
However, it ultimately exceeded that threshold,” Mr. Bullen noted.
He observed that more homes are selling through post-auction negotiations as buyers have been cautious about overpaying.
Yet, with two properties attracting competitive bids from multiple parties yesterday, he suggested that buyers may fear missing out on homes.
“If they want to settle in before Christmas, the next week is essentially their last chance,” Mr. Bullen explained.
“Sixty days from now would take us into late December.”
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