Mark Armstrong is a director of iProperty Plan, which provides independent analysis and tailored advice to investors and home buyers.

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Mark Armstrong

6 December 2012

A tightly held heritage Prahran property and a Woollahra receivership sale end auction tipping competition season

A tightly held heritage Prahran property and a Woollahra receivership sale end auction tipping competition season

This Saturday will be the final round of Property Tycoon for 2012, and we have some belting properties going under the hammer.

There’s a website, www.propertytycoon.com.au, where punters can guess what they think properties will sell for at their weekend auctions in Melbourne and Sydney. This season Property Observer readers have their own competition, which you can access here. The winner of the overall competition will win $1,000.

Dean Gilbert from Marshall White will have a big auction on his hands when he calls for bids at 14 Jessamine Avenue, Prahran (pictured below).

Winton was built in 1929 and lies in one of Prahran's most tightly held heritage-listed leafy pockets, only metres from Lumley Gardens and High Street's cafes and shops. The totally captivating solid-brick English-style residence sits on almost 800 square metres of land and is surrounded by spectacular botanic garden setting.

Many buyers will want this one, but they will need more than $2 million up their sleeves to secure it.

In Sydney it will be the receivers from Ferrier Hodgson that will be calling the shots at the auction of 1/64 Ocean, Woollahrra.

The townhouse is located in one of Woollahra’s premier tree-lined streets opposite Chiswick Park. In a block of only four, the property has three bedrooms and comes with the all-important basement lock-up garage.

Downsizing baby boomers are expected to be out in force. Peter Starr from McGrath Real Estate says the expectations of the receivers are closely aligned with where he believes the market value lies. He is confident this one will sell under the hammer in excess of $1.5 million.

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