Australia Day Weekend Peninsula Property Report

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Australia Day Weekend Peninsula Property Report

adblog1 Craig Evans of Hocking Stuart Real Estate Blairgowrie calls “Sold” on 15 Ti Tree Avenue Blairgowrie. 

The peninsula turned on a weekend of all sorts to celebrate our national holiday.  The spectacular lighting storm on Australia Day eve lit up the bay in a display of raw power before the welcoming drenching rain hit the locale around 10pm.  The next few days were hot; dam hot, so dam hot, male holiday makers were doing a bit of crutch pot cooking. The holiday vibe was everywhere packed bay and ocean beaches and I don’t think I’ve ever seen so many boats dotting the shoreline from Sorrento to Mount Martha. BBQ’s, fireworks and parties raged; campers filling up the foreshore and local innkeepers making the most of the last big spend.

We braved two auctions and two open houses on Saturday and Sunday, in between snorkelling, swimming and watering the garden.

manna hill road

OPEN FOR INSPECTION

3 Manna Hill Court Mount Eliza, a palatial and tasteful 5-bedroom manor; built in 2013, the home sits in a relatively new destination point where neighbouring properties are constructed in grand scale and luxury designs. On the Moorooduc side of the mount, the elevation takes advantage of the views over the plains, Arthurs Seat and across the bay.  The median house price in this pocket was around $1.6M for 2017, 3 Manna Hill Court with an EPR of $1.8M – $1.95M, on the surface appears on the high side; however, the quality additions and construction plus the extra self-contained unit justifies the asking.  The property is within the trickiest price point for Mount Eliza. Homes under $1.5M and over $2M change hands quickly but if 2017 is anything to go by; properties listed between $1.5M – $2M take longer to move in most sub sections of the suburb.
3 Manna Hill Court is well worth a visit and if you’re in the market at this level; there are a couple of comparable properties in this Mount Eliza location with all three stacking up as quality Mount Eliza lifestyle options.

12 Bilgola Court Mount Eliza $1.75M – $1.9M Lupton Ferguson Real Estate
14 Brulu Close Mount Eliza $1.95 – $2.1M Nicholas Lynch Real Estate

Marketed by Dean Bozunovic of Biggin&Scott Real Estate Frankston 0488 123 655.

 

Crawford Street

11 Crawford Street Mount Eliza Marketed by Quinten McEwing from McEwing Partners.  McEwing Partners do a great job in Mount Eliza, Mornington and Mount Martha and throw up some of the more interesting propositions.  11 Crawford Street is positioned just off Old Mornington Road a secluded enclave within Mount Eliza, close to the village, Davey’s Bay and Toorak College.  This home has its own unique style; a style that fits either casual living or more refined personalities.  Chatting with Quinten, the vendors are still finishing off a few touches, but the homes layout speaks for itself and it’s one of those properties you instantly feel is right for you.  Plenty of space, open glass living areas, relaxed floorplan and downstairs teenagers retreat.  It’s an entertainer when needed and a private hideaway demanding you be yourself.  I did feel a fondness for this property and the EPR of $1.5M – $1.65M is again in that tricky sweet spot; but with this part of Mount Eliza producing a median price a tad over $1.8M in 2017; the home is well positioned and will attract plenty of interest.

McEwing & Partners Quinten McEwing 0409 389 268

4W2A6395

AUCTIONS

2 Nepean Place Portsea
Passed In
RT Edgar Real Estate

One of the areas most sort after holiday rental properties in Portsea and its easy to see why.  The location is a cracker, a quick stroll to Portsea foreshore, the shops and an easy stumble from the excellent Portsea pub.  The property is huge; six bedrooms a couple of kitchens, upstairs and downstairs living, alfresco areas, viewing platforms, built in BBQ, a delightful pool and garnishing holidays rents around $9K per week during the peak season.  Live in, rent out or keep for your own enjoyment the home is a target for smart money.

Just a quick interlude to say congratulations to Holly Longmuir whose hard work and expertise saw her lead RT Edgar Flinders into a very strong position and has now added RT Edgar Portsea to her portfolio; maintaining key figures in Samantha Moffatt and Vicki Sayers to lead the next evolution of this established brand on the Mornington Peninsula you’ll see plenty of excellent listing from these guys over the coming year.

4W2A6397-2Only a handful of prospective buyers braved the heat for the auction on Sunday.  The auctioneer invited a seat under the roofline of the downstairs alfresco area, a good move illustrating the view over the pool, the ease of indoor/outdoor living and shielding the mob from the belting sun.

With an opening bid of $1.5M quickly dismissed, too much interjection from a likely buyer who seemed destined to sabotage the event, whilst spruiking his occupation as a member of the establishment,  a genuine bid of $2.35M was received.  With the vendors asking for a reasonable price of around $2.5M the bidding was a bit short and with no further competition the property was passed in with talks continuing between  interested parties.  If your interested in a slice of the mediterranean with cash positive rental yields contact Lloyd Robinson of RT Edgar on 0414 441 880.

BLAIRGOWRIE7

15 Ti Tree Avenue Blairgowrie
Sold $1,260,000
Hocking Stuart Blairgowrie

A reasonable crowd considering the stifling heat this lovely property was ready to change hands after 20 years servicing the vendors family holidays.  Wandering around the sandstone walls told stories of a young family spending time together catching waves at the back beach and learning life skills from countless summers at the Blairgowrie Yacht club. With the children now flown; it was time for a new generation and a crowd of around 20 assembled for the auction on Sunday.

4W2A6401

I noticed a couple taking shade under the large hibiscus tree that adorned the garden. A gentleman rested; his life partner standing behind, the classic pose of a couple who’d spent their life having each other’s back. I do love the rare encounter with those who’ve lived a life and for some unexplained reason I tend to find myself drawn in at the most unlikely moments in time.  Joining them on the bench and after a few seconds of small talk a strange familiarity developed, a little like deja vu but not able to pin point the source.  The gentleman was in shorts and his legs showed signs of  a nasty scrimmage with blackberry’s. We chatted and without notice or intent the couple advised that they were in fact the vendors. When I asked about the raw red scratches on his legs I was able to unpack why this couple were not total strangers.  Back in late October; I covered the auction of Brimsmore Cottage; one of the more delightful properties I had the pleasure to visit. Situated in Merricks I had mentioned my desire to relocate to the hinterland once our four kids had left the nest.  The couple began to tell me that they had recently bought in Merricks on a two and half acre property and he was fighting blackberry bushes; the penny dropped; this was the couple I had previously written about; coincidence? I don’t know, a writer’s instinct? Sure, I tell myself that why not? But relief! Totally.  I often think of Brimsmore Cottage and how it was the perfect fit in my imagination for my wife and I to retire too.  You always hope the new owners of properties you love; cherish what they have and respect the gift, in this instance I have no doubt that Brimsmore Cottage is in the best of hands. You can read the original story by clicking here. 

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The Auction started with an opening of $850K a little insulting but you must start somewhere; two groups went head to head with the property reaching $1.2M quickly and the competing parties  asking “are we on the market?”, Auctioneer Craig Evans of Hocking Stuart referred the property on a bid of $1.245M  “Let’s Sell” announced Craig.  The bidding trickled before the final knock down at $1,260,000 within the advertised EPR of $1,190,000 – $1,290,000. It was a case of a bird in the hand. The new owners got a great deal and I trust the vendors sit on the veranda of Brismore Cottage overlooking the stunning garden, clear of blackberry bushes; smiling at each other and say, “it’s only money”

See the full list of Mornington Peninsula auction results at our partner site www.omphnews.com

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