Owned by one family since 1980, the 766sq m block in href has been used=”https://www.realestate.com.au/sold/property-residential+land-vic-box hill-201877386″ target=”_blank”how a veggie patch for generations by their owners.
But its proximity to Box Hill Central shopping centre and Box Hill High School, it moved to ensure a “fairly violent” bids from two developers.
Ray White Box Hill, sales agent Stuart Rooke said that other parties were interested in the block, but never had the chance to offer.
“It started slowly with a vendor bid of $1.6 million, then there was a bid of $1.62 million, and after that it only took a minute to $1.89 million,” Mr. Rooke.
“The reserve was $1.85 million.”
Mr Rooke said the buyer of the construction of two luxury townhouses on the block.
“We had a lot of people call and inquire about the block,” he said.
“It was hard, the factor of the market value of a so-called veggie patch.”
Last CoreLogic figures show, Box Hill, median house price increased 4 percent to $1,455,700 in the 12 months to may.
SUBURB PROFILE: href=”https://www.realestate.com.au/neighbourhoods/box%20hill-3128-vic” target=”_blank” How Much Real Estate $1 Million?0:57
In the world’s the majority of not to buy desirable parts of the cities, a house, $1 million will go far. It is sufficient for a bathroom or dining room in top-tier Monaco or London neighborhoods. In Cape town, the same money you can buy a five-bedroom house. The Heads-up, the would-be millionaires: the prices are on the rise. 5. March 20144 Years Ago/display/NewsCorp Australia.com/Web/news network/REA – real estate/