Sale of the century
FOR the first time in almost a century, this Glen Iris home was successfully sold under the hammer.
The property, known as Koonwarra, defied the softened market and sold for $150,000 above reserve.
The four-bedroom house was built in 1921 and after an unsuccessful auction campaign in 1932, it was kept within the family and passed down through the generations.
Yesterday’s sale was the first time in 97 years that contracts for the property were exchanged.
Vendors Ann and Geoff King, who had lived in the home for 50 and 82 years respectively, said they were excited and apprehensive in the lead-up to the auction.
“(The house) was everything we ever wanted,” Mr r King said. “It’s well located, spacious and has a very big garage for me to build boats and all sorts of things.
“It’s a nice, average locality, not like Toorak or anything.”
The couple are downsizing to a property nearby.
The auction was slow to start, with Jellis Craig auctioneer Iain Carmichael beginning proceedings with a $3.6 million bid. The first genuine bid was placed at $3.62 million by the eventual buyer.
After a short break, another bidder joined the action and the $3.7 million reserve was reached. The hammer fell at $3.85 million to a young family from Richmond that plans to renovate and make it a longterm home.
They trumped a family from AFL superstar Lance “Buddy” Franklin has kicked an offseason goal, selling his Donvale home under the hammer for $1.415 million.
The Hawk-turned-Swan lived at the four-bedroom property at 14 Woodhall Wynd for a short time before moving to Sydney in 2013.
His father, Lance Sr, moved in after his son’s departure.
It was a slow start to the auction, with three consecutive vendor bids before two parties booted up the price in $1000 and $5000 increments.
After a halftime break, the property was called on the market at $1.4 million and sold five bids later.
The buyer was a Chinese the Glen Iris area with similar hopes.
Mr Carmichael said Dorrington Ave homes were hotly contested thanks to the street’s single dwelling covenant.
“It means there haven’t been units built, which is an attraction because there’s no development around,” he said.
“These homes are really few and far between so they haven’t been hit with the general softening of the market.”
Mr Carmichael said it was rare to see a home held by one family for so many decades.
“Generally 30 or 40 years is long,” he said. woman who did not want to be named. She said she had no idea about the property’s football history.
“This is my first purchase in Australia, I only moved here two weeks ago,” she said. “When I stepped into the house, it immediately felt like home.”
During the campaign, Franklin and his wife, Miss Universe Australia winner Jesinta, bought a house in Perth. The latest $340,000 investment in Yanchep will be Lance Sr’s next home. IT was a family affair in Hawthorn as two sisters bid on behalf of their brother at a popular auction.
The elegant Victorian drew a crowd of more than 100 as two determined parties vied for the keys.
Despite 14 back-and-forth bids, the four-bedroom home did not hit the vendors’ reserve, passing in for $2.145 million.
But it took just half an hour for Lisa and Kate, who did not provide their surnames, to win the keys for $2.185 million.
The sisters from Kew said they bought the home for their brother, who lives overseas.
“It’s a period-era home by the park — they don’t make them like this any more,” Lisa said.
Their brother plans to use
Jellis Craig, Ringwood, director William Lyall said Franklin’s father had mementos of his son’s footballing triumphs at the Donvale house.
“The rumpus room upstairs was wall-to-wall, floor-to- the house as an investment property.
He trusted his sisters’ judgment and did not inspect the property before purchase.
Jellis Craig Hawthorn’s Geordie Dixon said the house had been popular with downsizers, families and professional couples.
“Hawthorn West is a highly sought-after pocket and it’s still ceiling memorabilia,” Mr Lyall said.
“Ranging from Buddy’s under-18 and state rep days in WA, through to All-Australian things and premierships with the Hawthorn footy club and a getting a strong response in the market,” Ms Dixon said.
But it was not all smooth sailing in the suburb, with another Victorian at 100 Power St passing in after no bids.
The family home is owned by ad director Mark Molloy. It is now up for private sale with a suggested price of $2.2 million. little bit of Swans stuff in there as well.”
While more than 60 people came to stickybeak yesterday, the footy souvenirs were already relocated.
Mr Lyall said the Franklins, who live in Sydney’s Rose Bay, had sold because it was unlikely they’d move to Melbourne “any time soon”.
CoreLogic shows Franklin bought the house for $863,500 in 2008, the same year as his first flag with Hawthorn.
Ann and Geoff King sold their Glen Iris family heirloom. Picture: ANDREW HENSHAW