A two-bedroom Hughesdale house scored its vendors a $110,000 premium.
Sara and Brad Fabiny bought their first home together in 2014 — a two-bedroom unit in Hughesdale “with the charm of a ‘50s home”.
Now eight years later, they’ve scored an extra $240,000 on what they paid back then, plus a $110,000 premium on the reserve after it sold under the hammer.
The couple were reluctant to sell the 1/27 Simmonds St pad they fell in love with, but were moving to regional Victoria for a larger block.
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Sara and Brad were thrilled with the auction result. Ray White Oakleigh senior auctioneer Jonathon Eaves.
The home was fully renovated when the couple purchased it, but they restored its original fireplace afterwards.
A family looking for their first home in Australia won the keys.
“In a perfect world we’d pick it up and take it with us,” Ms Fabiny said.
“In all honesty it was going to be our forever home, but then Covid hit and we decided we wanted a bit more space … we wouldn’t mind getting a dog.”
When they first purchased the unit at an auction, it was their first time bidding and no one would take them seriously. But they “gave it a crack” and scored it for $620,000.
“We were really lucky, it was an original 1950s commission house and the builders we bought it off gutted it so it was brand new inside,” Ms Fabiny said.
“So we moved into a perfect renovated house with brand new appliances but the charm of a ‘50s home, which was what my husband fell in love with initially.”
Over the years the pair also installed a dishwasher and restored the original fireplace.
Ray White Oakleigh senior auctioneer Jonathon Eaves said the Fabiny’s were thrilled with the auction result.
Sara and Brad also converted an unused space near the laundry into a study.
The unit has a contemporary bathroom.
Plus a kitchen with the new inclusion of a dishwasher.
“It kicked off like a pocket rocket with six very active bidders,” Mr Eaves said.
“I think there’s some confident bidding today from buyers and one trend we have noticed lately is short settlements, as many people want to settle and lock in their rate before the next rise. Buyers are buying at today’s rate, which is smart.”
The property sold for $860,000 to a family looking for their first home in Australia, with the buyer pool over its campaign mostly comprising young couples and families.
Ms Fabiny added she loved the abundance of windows and natural sunlight in the home.
“It’s just so cute and quaint, and it’s relatively easy to maintain because it’s not big,” she said.
“We’ll definitely miss it but we’re looking forward to having a bit of space and enjoying the country air.”
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emily.holgate@news.com.au