Young couple snaps up inner-city Edwardian for $1,080,000 after pass in
Detailed summary
The period home’s buyers were the sole bidders at its auction on Saturday. After it passed in to them, they negotiated a sale price $20,000 under the listed reserve.
A young couple bought an Edwardian in inner-city Prahran for $1,080,000, clinching it for $20,000 below its advertised reserve after it was passed in to them at auction.
They were the sole bidders for the two-bedroom 10 Vail Street, in a tree-lined neighbourhood. Their single bid of $1,060,000 was $40,000 shy of the $1.1 million advertised reserve.
The property was one of 612 scheduled to go to auction in Melbourne this week.
Biggin Scott Stonnington agent Michael Tynan later negotiated with the pair, who increased their offer to $1,080,000. It was enough to close the deal.
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