Home Truths Three

Hello Home Truths lovers far and wide. Here we are for another instalment of Melbourne’s only indie property journal. We’re big into the business of innovation, so you’ll notice a new feature category called Agentsays. In addition to Vitalsigns, Agentsays will be updated each week – it’s a down-home, honest summation of the property industry from a Melbourne industry leader each week. This week’s Agentsays features Adam Joske of Gary Peer. Don’t forget to vote in this week’s poll for which cafe we’ll be reviewing too! Down to business – Auctions for Saturday 2nd of April 2011.

Starting out in Northcote, Editor-in-chief Iolanthe Gabrie.

Vibe: Autumn chill in the air, daylight savings will make our mornings less bleary-eyed.

Wearing: Forever New Dress, Novo Boots, Tiffany  necklace.

This little editor is certainly glad that daylight savings has hit Melbourne, because Saturday morning  was certainly misty and dark – weather that makes one want to read Don Watson autobiographies in bed rather than traipse the drizzly morning streets. Luckily I had the inspiration of this week’s cafe review to anticipate – Penny Farthing Espresso , 206 High Street in Northcote.

Penny Farthing Espresso is located right at the peak of the hill, quite near to the Town Hall and Trivia-Night specialists the Peacock Hotel. Penny Farthing Espresso is an intimate cafe with a separate larger back room, and the general feel of the whole space is warm, vintage and welcoming. From Steve’s happy grin (barista extraordinaire and owner) through to the objet d’art version of a Penny Farthing cycle in the window, my breakfast was a peaceful and tasty event.

I felt like a bit of a plain and hearty start to the day, so I opted for poached eggs on Dench sourdough with harissa on the side as standard. It was very yummy and hit the spot, especially with the sweet/spicy harissa to top it off. There are other more substantial breakfasts on offer, including a tempting smashed avocado with feta and chilli oil on sourdough to name only one exotic combination. I also had a creamy and caramel-smokey flavoured soy cappuccino, and a richly fragrant Earl Grey tea. Penny Farthing’s brainstrust are big on the little details, with the Earl Grey tea served with its own little egg-timer to indicate the optimum steeping time for the leaves. When you accompany all this quiet, calm loveliness with lithographs of old Melbourne on the wall and tinkling bluegrass in the background – you have a very Northcote, very calm start to the day. With a diverse clientele of older and younger folks, this is the kind of cafe you’d expect Nick Drake to have penned lyrics in.

A little blurry, a lot yummy. Poached eggs with harissa on Dench Sourdough.

Happy Steve, barista and one of Penny Farthing’s owners.

Egg-timer accompanying a very floral and girly Earl Grey.

A little Nick Drake to put you in the Penny Farthing vibe.

Auction 1: 4/11-21 Marne Street, South Yarra

The beautiful art-deco curves of ‘Castle Towers’

Agents: Woodards, Juanita Kelly

Time: 11:00 am

Punters: A real cross section of different buyers for this ground-floor deco apartment, from younger couples through to older purchasers. Located on Marne Street, South Yarra (tucked between Fawkner Park and Domain Road, no less) this was a property for the blue-blood in all of us.

L-R: Juanita Kelly (with fabulous shoes), John Piccolo

Review: The day was drizzly and overcast – the perfect dramatic setting for a cosy indoor auction. The apartment itself was on the ground floor of well loved ‘Castle Towers’ development, an icon of deco Melbourne design. It was brilliantly lit with natural light, a huge living room with  glowing honey-wood floorboards and fireplace ( you don’t get that in many new developments!), quaint kitchen and two spacious bedrooms. The quote on the property was $650,000 – $710,000. The auction was called by Woodard’s legendary auctioneer John Piccolo, who engaged openly and with humour to the crowd. John is a very illustrative auctioneer, pointing out benefits of Castle Towers throughout the auction. He made mention of the ‘dress circle location’ of the development, making it a perfect investment or addition to the superannuation fund. There was lots to talk about, as the property was rich with period features including a ‘Georges-style’ lift and rooftop terrace. Leaping into the call, John announced ‘There are only three questions we have – What’s it worth? Who’s going to buy it? And who is going to make the opening bid?’ An indoor auction is a necessity in inclement weather, but sometimes it can lead to a shell-shocked crowd, unused to being in such close proximity to one-another in an auction situation. John worked very hard with the crowd before making a vendor bid at $600,000 . A natural bid of $610,000 then occurred before John referred to the vendor. Upon coming back to the crowd ‘I’m the bearer of good news!’ – John made a second vendor bid of $650,000. One more bid came live from the audience at $655,000 before the property was passed in. The property is still available on the market, the reserve published as $710,000. Home Truths were surprised by the reticence of the buying public with this unique home, certainly offering an excellent return for any owner lucky enough to get their hands on it. Just beautiful.

Auction 2: 70 Neill Street, Carlton

Agents: Thomson, Glenn Bartlett

Time: 12:00 noon

Gee Carltonites love auctions… check out this hardy crew in the rain!

Punters: As this home was an older-family style residence on quality sized land, there were a lot of owner-builder types present – in addition to the usual Carlton punters. Neighbours, pets, kids – the whole 3053 family were there!

Ross Hedditch gets his Vogue on, calling a fast and furious auction for Thomson Real Estate.

Review: Located in a short street between Canning and Nicholson Streets, this family home on large land represented excellent buying to potential owner-builders. An elegant double fronted home with quaint views onto the wide nature strip of Neill Street, the only location drawback being its close proximity to the housing commission flats. Ex-Thomson Director Ross Hedditch lead a rousing call to action, highlighting the benefits of the residence and explaining its history to the attentive crowd. The current vendors were described as ‘Carlton people through and through’, and Ross made it clear that the home was the realisation of a family estate. Unlike other auctions in today’s Home Truths Melbourne, this auction went off like a packet of crackers with a strong opening bid of 1.1 million. Ross stopped at 1.230 to consult with the vendor, before announcing the home on the market. Two competitive bidders then went hammer and tongs in small jumps of $2500 and then $1000 increments. The home eventually sold under the hammer to the new proud owners for $1,455,000. A cracking auction which left Home Truths Melbourne with a ping-pong neck from looking left to right at the bidding.

That’s it from Home Truths Melbourne for this week. We look forward to catching up with you next Monday, and hope that you enjoy the new Agentsays column too. Cheerio!

*Home Truths Melbourne has gathered this information to provide an interesting document for readers and subscribers. Information contained herein is gathered from a range of sources including but not limited to; local press both virtual and hardcopy, Valuer General Information & Agents own investigations. All efforts are made to verify the information provided. The information is not to be relied upon or used in dealings with third parties and people should make their own investigations regarding their own property or personal circumstances. Opinions and observations offered should not be treated as fact.

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