This contemporary park-side residence in Kew East has been sold at auction by Mark Sproule, Scott Patterson and Garrick Lim of Kay & Burton.

Positioned close to schools, High Street shopping and cafés, trams, EastLink freeway, golf courses and Yarra River parklands and trails, the two-level, north-facing home is a collaboration between the owner, InForm Design and Pleysier Perkins architects. 

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Mark Sproule told WILLIAMS MEDIA there was a "phenomenal" amount of interest in the property.

Including the first open house on January 30, there were 5 open for inspections which attracted 164 buyers (not including the day of auction). In addition, 5 private inspections were held during the campaign and 8 buyers tuned in for a virtual inspection during Victoria’s snap 5-day COVID lockdown. 

“There was solid, genuine interest from the first inspection,” Mark explained to WILLIAMS MEDIA. “Buyers were attracted to the modern contemporary style of the home and the way it was cleverly designed to blend in with the landscape and surrounding parklands. 

Inside, the two-level home boasts a free-flowing, family-focused layout, with high-end features and designer style.

Second-hand bricks were used externally which contracted to the modern interiors making the home unique in a desirable way, while large windows on both levels provided stunning tree-top and park-side outlooks, creating a feeling of privacy amongst nature which buyers are looking for after experience recent challenging Covid months. “The above features along with high quality finishings (standard for ‘Inform’ who built the home), created the competitive buyer interest,” Mark told WILLIAMS MEDIA.

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With 5 bidders on the day, the property sold for $3,667,500, above the $3-$3.3 million price guide.

The buyers were all family buyers with young to teenage children some upsizing and others who were weighing up the option to build their own home or buy something recently built which met their own tastes and style. The buyers who bid on the day were mostly from the immediately surrounding suburbs.

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Mark told WILLIAMS MEDIA that demand for high quality homes in the area remains high.

“The luxury market appears to be alive and well in Boroondara however success still relies on having essential ingredients of position, style, design and supply and demand ratio. There is still a lack of high quality family homes coming on to the market to satisfy the luxury buyer demand.”

To view the listing or for more information click here.

See more luxury Melbourne real estate:

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