Nicholas Murray award winning home listed in Port Melbourne
An award winning home in Port Melbourne has hit the market.
The MBAV's Best Custom Home award winner was designed by Nicholas Murray architects and constructed by Hansen Living as the builder's own residence.
It has three bedrooms, two bathrooms, an executive home office, surround sound cinema room and a roof top terrace.
Dual decks surrounding a central swimming pool on the 214 sqm parcel.
Greg Hocking and Simon Gowling at Greg Hocking Real Estate have set a November 26 auction.
Greg says that "interest appears to be in the mid $2 milion range."
Meanwhile Biggin & Scott say the last six weeks of the Port Melbourne property market has been positive and very different to previous spring peak property selling periods.
It advised the high demand for property in the area has stayed strong in both the house and apartment markets.
"The Port Melbourne house/townhouse market has continued to perform well.
"We think one of the key reasons for the strong demand is the low supply of houses that have been offered to the market.
"In the past six weeks, we have seen just 13 homes sell; this is quite low for the area at one of the peak selling times of the year."
It suggested the standout sales have been 436 Graham Street, near the corner of Williamstown Road, which was fought over by four bidders and sold well over the reserve and 8 Garton Street, situated on a small block of land of 107 square metres out of the heart of Port Melbourne, selling for $1,080,000.
There are thirty-one auctions set to be conducted in Port Melbourne between now and the 17th of December.
The Port Melbourne Apartment market over the same six week period has been far more active than the housing market.
There have been 37 apartments sold of which only thirteen sold at auction.
The majority of apartments sell through the private sale method and have average days on the market of 45 days, so roughly fifteen days longer than the house/townhouse market.
"This time last year the average days on the market for an apartment in Port Melbourne was hovering around the 60 to 63 days," the agency advised.
Some 18 of the thirty-seven apartments sold for more than one million dollars.
Last Saturday, Biggin & Scott auctioned 1/164 Ingles Street, Port Melbourne as part of the television show The Block.
"We felt privileged to represent Will and Karlie, the very talented couple from Brisbane and were thrilled to achieve $2.6 million under the hammer for the three bedroom, two bathroom, one car space apartment, selling for a massive $715,000 over reserve," it noted.