Riverside Highton renovation beats hopes by $100K amid pre-auction bidding war

Hopeful buyers that made a bold pre-auction offer on a renovated Highton home ended up missing out after the price went more than $100,000 over the quoted range.

The four-bedroom house at 23 Linton Lane was snapped up for $1.01 million last week after Buxton agent Tony Moorfoot negotiated with several parties keen to secure the property.

It was scheduled to be auctioned last Saturday, but the offers came thick and fast after one party made a $950,000 offer on the property.

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The 657sq m property close to the Barwon River was listed with an $850,000 to $900,000 range.

“We had some good interest in it and had an offer from a party and it was well above the asking price,” he said.

“We went back to the other buyers and then we had a bit of an auction within the auction and it went really well.”

Mr Moorfoot said the party that made the initial offer ended up missing out as the competition heated up.

“It sold to another party,” he said.

“We were fair. We gave everyone every opportunity to come back and forth. So we played the negotiations out with the parties that were there.”

Locals and groups from Melbourne were keen on the old Highton home with a large open-plan living area capitalising on expansive views over the river valley.

A couple secured the property as a family home.

“It was a really good renovation in a great spot,” he said.

“Very meticulous were the owners and they nailed it.”

Everything from the kitchen to the bathrooms had been updated, offering a level of modern luxury culminating in an expansive deck with a built-in barbecue and outdoor kitchen.

“They’d done it up really well and it’s lucky for the new buyers to get the rewards of such a good reno.”

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