Sunbury women buy houses where she grew up next to her first home, just as auctions rush to reserves over $150,000

Sunbury homes are recommended by buyers for either renovation or demolition.

It has been revealed that an estimated 250 people will watch four Coming Place tests, which is said to be the largest auction in the suburbs this year.

Among them were eight bidders, and they stripped the auction for $480,000. This is the bottom of the advertised price guide for your home.

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By the time the offer reached $500,000, a five-bedroom, two-storey home was on the market. Ray White auctioneer Aaron Hill continues his quick bids ranging from $5,000 to $2,500.

However, the woman raised next door, she sidelined the remaining first buyers who had planned to drive the final outcome with a bid of $651,500 and ultimately revive the property.

A split appears on the left side of the kitchen joinery, indicating where the floor began to sink as a result of a stump problem.

The backyard pool is not expected to withstand renovation plans.

“We've had to sell it to my neighbor's daughter,” Hill said.

“They knew the sales family and they wanted it from day one.”

The buyer now plans to move to her first home with her own family and renovate what they can before gradually updating it over the next few years.

Hill said about 80% of bidders were the first buyers of the future, and everyone intended to renovate and renew the home.

You will need work at home. The stumps sink in the middle and lean things in the kitchen, the flood damage from one of the upstairs bathrooms affects a low level, filling with a backyard pool that has not been used for 20 years, not a bargain for agents.

He added that he has gained a sense that buyers wanted to get in now before interest rates drop even further, as widely expected later this month.

The size and location of the blocks helped to compensate for the state of the house.

There is an update to the card in the bathroom of the house.

“They want to get in before they're a bit ridiculous again,” he said.

And there are signs that this may not be that far away.

Hill said today's results occurred about a year after a three-bedroom, with a single-level home on the same street being sold for $690,000 after a major renovation.

Hill said how it sells is important for sellers looking to make the most of the market.

“If you want good competition and the best price, you should go to the auction,” he said.

“This house wouldn't have had that price without an auction.”

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