1930s Bungalow attracts flurry of bidding from a range of buyers

Located at 37 Ferryhill Road, proudly positioned on the corner of Ferryhill Road and Watling Street, the property was marketed by Ray White Sandringham agents Susan Woods-Markwick and Hugh Free of Ray White Sandringham as part of a deceased estate.

The property had been an investment for the owner for around two decades.

The 1930s character bungalow attracted strong interest from buyers drawn to its freehold status and prime location within the prestigious Double Grammar Zone.

Over the course of the campaign, more than 50 groups attended open homes, reflecting the strong demand for quality homes in this tightly held pocket of Epsom.

"Good quality properties in good school zones are commanding a lot of interest. When it’s a double grammar zone you can't go wrong,” Ms Woods-Markwick said.

"We had one third of buyers wanting to extend and renovate because a lot of the home was quite original.

"Then another third were families wanting to live in the home and do those renovations over time.

“We also had some investors wanting to landbank.”

Bidding opened at $1.4 million, with spirited competition in $50,000 and $30,000 increments. The auction paused at $2,250,000 before being declared "on the market," prompting two additional bidders to join the fray.