Seven bidders push Bundoora fixer $95k above price guide

Seller Justin Russell and his family after their Bundoora home sold for $755,000, well above the $600,000-$660,000 price guide. Investors dominated a seven-way auction battle for an original-condition Bundoora house, pushing it $95,000 beyond its price guide on Saturday. The three-bedroom home at 1230 Plenty Rd sold for $755,000 after being advertised with $600,000-$660,000 price hopes. Bidding opened at just $500,000 before the next buyer immediately jumped the price by $100,000 to $600,000. RELATED: Former Demon’s $22m MCG penthouse link revealed Melb hotspots for $100k+ home price cuts revealed Scott Selwood’s grand final tips – with property twist Ray White Bundoora sales executive and auctioneer Domenic Torzillo said most of the seven active bidders were investors, with possibly one looking to renovate the home and live in it. The successful bidder was also an investor. Interest had been strong throughout the four-week campaign, with 78 groups inspecting the 568sq m property before auction day. The three-bedroom home at 1230 Plenty Rd, Bundoora, sold for $755,000 after seven active bidders competed at auction. The successful bidder was an investor who planned to renovate the B...