‘Daylesford meets Fitzroy’ cottage fetches $1.28 million at auction

A stylish Fitzroy North cottage with a lush, well-kept garden sold for $1.28 million at auction on Saturday, more than $100,000 above its reserve price.

The two-bedroom house at 50 Holden Street with modern interiors was within walking distance to supermarkets, parks and public transport. Jellis Craig selling agent Michael Amarant listed the home with a quoted price range of $1,125,000 to $1,175,000.

He said buyers liked the home’s bucolic feel. “The house had very beautiful gardens front and back, it was like Daylesford meets Fitzroy. It had a really nice energy and a really nice spirit,” he said.

Two bidders contested the auction, Amarant said. Bidding began at $1.1 million, but the second bid of $1.2 million cleared the vendor’s reserve, which was set at the top of the price range. The sale price was $105,000 more than the reserve.

“It was one of the quickest auctions of my career,” he said. “It would have broken a land speed record, I think we were finished [after four minutes] or something.

Loading

“It was a subsequent seven or eight bids and that was it.”

Amarant said first home buyers beat downsizers to secure the keys.

It was one of 579 auctions scheduled in Melbourne for Saturday.