Mortgagee Auction in Balwyn – $350k over reserve

23 Banool Road, Balwyn

This was a mortgagee sale for a 100 year old house on approximately 624sqm located in the Balwyn High School zone.

  • The property was on the market for 37 days and was Auctioned in February 2021
  • We had a huge crowd with over 150 people
  • There were 9 bidders, with 45 bids

The property sold for $2,100,000 which was $350,000 over reserve.

The property was marketed on all the major real estate portals, through our social media channels of Facebook and Instagram, it had a sign at the front of the property and we also letterbox dropped the local area. It was also marketed via our database to over 7,000 people.