Better than Jack's 11, Richmond scores with 12 weekend residential sales

Better than Jack's 11, Richmond scores with 12 weekend residential sales
Better than Jack's 11, Richmond scores with 12 weekend residential sales

Tony Macvean, managing partner at law firm Hall & Wilcox and a Committee of Melbourne board member, didn't sell his three-bedroom warehouse conversion on Richmond Hill under the hammer at weekend auction.

It was passed in at $1.1 million. But elsewhere Richmond agents secured under the hammer sales sales in 12 of their 14 weekend offerings, while the suburb's star AFL forward Jack Riewoldt was in Sydney kicking his bag of 11 goals against the GWS team.

Macvean and Amy Carroll bought the then newly converted property at 6/10 Waltham Place (pictured above) as a family home in 2004 for $780,000. And after it was passed in at a reserve of $1,215,000, post auction negotiations actually took the selling price to $265,000 above the reserve, according to the buyers' agent Frank Valentic.

They have rented it out more recently, initially in 2008 at around $780 a week. They are selling it to purchase a beach shack at Wye River.

The three-level property comes with two living areas. The second terrace has city views taking in the famous Pelaco sign. There is basement parking for two cars.

Julie Taylor of Biggin & Scott expected $1.2 million-plus.

Richmond's weekend sales ranged between $285,000 to $1.19 million. The cheapest had been tipped to fetched $270,000 plus.

The top sale was another warehouse apartment, this one sold by Marek Olech, of Nelson Alexander, who was quoting $980,000 to $1.05 million for 3 Stewart Place (pictured below) which was bought as a shell about 12 years ago. It has three bedrooms and top-floor open-plan living-dining with a terrace featuring MCG and city views. It came with a home office, dumb waiter and tandem garage.

Better than Jack's 11, Richmond scores with 12 weekend residential sales

The most popular suburb for auction listings at the weekend in metro Melbourne was Glen Iris in the inner east with 25.

There were 19 auctions including South Yarra, Brighton and Northcote in the north east.

Preston in the north east had 17 auctions listed followed by Bentleigh East in the inner south with 16.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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Auctions Richmond AFL

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