Bentleigh East owner turns $20k into $122,500 auction profit

1 Loch Court, Bentleigh East, sold far above expectations in a busy auction. Fresh paint and repolished floorboards were part of about $20,000 in home improvements and styling that helped turn a Bentleigh East auction into a $122,500 blow out last weekend. The result was that the owner of 1 Loch Court got about five times their investment back as their home went under the hammer. A $1.25m asking price for the home had been a realistic target for the current market, according to Buxton’s Chris Hassall. RELATED: Vic homeowner unearths hidden backyard gold mine Ultra-rare Broadmeadows property worth $20m But when the agent got a $1.2m opening bid, and three bidders made their presence known, it became clear they were in for a bit of a surprise. Mr Hassall only got a chance to call the home on the market around $1.3m as a buyer’s advocate, and a real estate agent bidding on behalf of another party traded high-priced bids with a couple hoping to claim the keys. At one point there was even a $50,000 knock out offer. “In this market, to get this, that’s crazy,” Mr Hassall said. The house was freshly repainted as it was prepared for sale. Floorboards around the home were also repolished to...