St Kilda East Apartment (2 Bedroom, 1 Bath)
Listed: $380,000 - $420,000
Sold at Auction October 2013: $495,000
Value Add: $75,000
Comparable apartment in same complex passed in on vendor bid $380,000 March 2015
An interstate vendor needed their St Kilda East investment property to stand out from the crowd. With a multitude of 2-bedroom properties available in the area at a similar price point, we wanted this property to be one buyers would remember.
Using mid-century classics, vibrant colour choices and three large-scale original artworks, this property garnered plenty of interest online and on auction day.
This translated to many active bidders at the auction and a sale price that was $75,000 over the top-end of the guide. Both agent and vendor were amazed with the result, with a comparable apartment in same complex passed in on a vendor bid $380,000 in March 2015.