A Christmas mishap set the home’s front room on fire over a year ago, but that wasn’t enough to stop the home selling above expectations.
A Frankston house where the front room caught fire and left much of the rest of the home smoke damaged has sold above expectations after four buyers pursued it.
The 6 Cecil St property is believed to have caught fire as a result of Christmas decorations in 2024, with nobody injured in the blaze.
And while most of the home was still structurally sound, if smoke damaged, the front room requires a bit of structural work.
RELATED: Huge Frankston block with fire-damaged house for sale
Suspicious Geelong West fire triggers rare vacant block sale
Firefighter’s warning for Aussie suburbs at risk of LA-style blazes
But even that wasn’t enough to derail the suburb’s buoyant market, with a $950,000-$1.045m price guide eclipsed as the home went under the hammer yesterday.
The five-bedroom residence attracted four bidders, a mix of landbankers, renovators and one devloper. It sold for $1.085m.
OBrien Frankston’s Luke Magree handled the sale and said with a 1000sq m block of land, and the home salvageable, it had proven surprisingly popular.
The property was sold with prospects of being redevloped or renovated and revived.
Bidding started at $900,000 and rose quickly to the $1m mark, though was a bit more restrained after that, Mr Magree said.
“The buyer plans to renovate it and landbank it,” he said. “The house is not as bad from a condition perspective as it looks. Once you go inside you can see that it’s in better condition than you’d think.”
The agent added that the sale had been significant for another reason, as five years ago it would have attracted mostly developers — but had in this circumstance been buoyed by mostly homebuyer interest.
The home has seen better days, but still attracted multiple bidders.
It wasn’t the only big result in the area, with the agent also notcing an $842,000 sale almost $100,000 above the reserve of a three-bedroom house at 2 Byron Court.
That home also had four bidders.
Mr Magree said he was expecting growth of 5-10 per cent in Frankston over the next 12 or so months.
“The rate decision next week could impact things, but I don’t see it slowing down,” he said.
Sign up to the Herald Sun Weekly Real Estate Update. Click here to get the latest Victorian property market news delivered direct to your inbox.
MORE: Architect-designed Fairhaven beach house the top sale in a year
Racing power couple Jamie and Ben Melham sell Mt Eliza reno side hustle
Victorians’ shocking average debt revealed amid rate rise fears
Help us improve your reading experience
Got a minute? Your feedback will help us build a better experience for you.
Help us improve this page
English (US) · 