Glen Iris trophy home sells for $9 million

Glen Iris trophy home sells for $9 million
Glen Iris trophy home sells for $9 million

A private weekend auction saw a $9 million Glen Iris sale, a record price for the suburb which has stood at $6.55 million since 2011.

It had been listed with $7 million to $7.7 million price guidance through RT Edgar Mark Wridgway who did the Saturday auction ahead of Monday's scheduled expression of interest closing deadline.

Word of the price leaked out given the attendance of buyers' agents representing some of the six active bidders who took the price well beyond the prior record price for the suburb which has stood at $6.55 million since 2011.

Glen Iris trophy home sells for  million

The 4 Fairview Grove, Glen Iris offering (above and top) was a Christopher Doyle-built period home, renovated around a decade ago, on its 2000 sqm block with tennis court.

The property last sold 20 years ago at $1,178,000.

“The pre-auction shenanigans and the auction itself was a masterclass in manipulation, momentum and marvel,” one buyers' agent said.

There was also a public Glen Iris weekend auction of the trophy home at 36 Howard Street, which was passed in of a $3.3 million vendor bid.

The two storey sandstone residence now comes with a $3.65 million asking price.

 

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

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