Bought : 10 Yarradale Road Toorak

Posted on 19 Sep 2013, 5:12 p.m. in Abercromby's, News, Sold

24789-10yarradaleroadtoorak-1.jpg

A crowd of 80 or so are comfortably gathered in the backyard of this 1930s home.
Seated on the outdoor furniture and behind trees many look more prepared for a
drink with an umbrella sticking out of it then they do for an auction. A vendor
bid of $4,200,000 is casually lodged by auctioneer Tim Derham… read more

4 Devorgilla Avenue, TOORAK

Posted on 17 Mar 2013, 3:28 p.m. in Abercromby's, Sold

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SOLD
It is late Saturday morning, the sky is grey and a few raindrops fall as a crowd of 60 watch the auction of this well-presented two bedroom Neo-Georgian home. Abercromby’s auctioneer Tim Derham goes through the ritual of presenting the relevant contractual points and highlights the many attributes of this renovated property that had sold fairly recently in the low twos. “A magnificent renovation” he sums up and it will be interesting to see how prices have held up in the last two years. However, the auction starts slowly. With no bids forthcoming, a vendor bid of $2,200,000 is lobbed to entice a buyer to come forward, and $25,000 rises called for. This works as two bidders emerge to compete to see who will be the new owner. Swiftly the price reaches $2,300,000 and then there is another pause, so Mr Derham goes in to consult. On his return, he states “it’s close, but not on the market yet” and just as he is about to pass it in and calls it three times, he’s offered two further bids of $10,000 and then it stalls at $2,320,000. Mr Derham goes in to consult for a second time, and on his return pronounces it “on the market”, and as there are no further bids it is bought by the last bidder.

9-10 Lisbuoy Court, TOORAK

Posted on 17 Mar 2013, 3:24 p.m. in Abercromby's, Sold

23051-9-10lisbuoycourttoorak-1.jpg

SOLD
On a quiet tree-lined Toorak cul-de-sac a crowd of 60 wandered up to this pair
of maisonettes, which is a likely development site. Auctioneer Tim Derham’s
raspy voice carried well but made no initial impact on the observers after his
vendor bid of $3,500,000, as he was immediately forced to go through the motions
of having a break to consult. The three most interested buyers were roused by
the circuit breaker into brisk bids of $50,000 steps, until a bidder asked if
the property was on the market. After a mini-conference with the owners in the
driveway, it was declared on the market at $3,750,000. Mr Derham advised
boldness from the bidders, but the property found its price without too much
drama. Bought under the hammer for $3,840,000, a healthy $5300/m2 for the
vendors.
Source : Marketnews

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