![\"Emily](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/04\/dff5c7a73b73f2ccbc3e628750c52f789d33eefe7817e00072a5e0b78e608f90.png\")
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Remove items from your saved list<\/a> to add more.<\/p>\n AAA<\/p>\n A three-bedroom house in Spotswood billed by its agent as inner Melbourne\u2019s cheapest has sold under the hammer for $701,000.<\/p>\n The timeworn home at 10 Robb Street<\/a> had a price guide of $600,000 to $660,000, which Buxton Inner West agent Matthew John found was unmatched by similar-sized freestanding houses listed within 10 kilometres of the CBD.<\/p>\n The single-fronted Victorian had intact period features but was in need of a makeover,<\/a> with aged wallpaper, a vintage bathroom and flamboyantly patterned carpets. It had been lovingly held for 45 years by the late owners.<\/p>\n The property was one of 588 scheduled to go to auction in Melbourne this week. By evening, Domain Group recorded a preliminary auction clearance rate of 57 per cent from 386 reported results throughout the week, while 71 auctions were withdrawn. Withdrawn auctions are counted as unsold properties when calculating the clearance rate.<\/p>\n The buyer, from neighbouring Seddon, confidently beat her only competition \u2013 a first home buyer couple \u2013 to pay $101,000 above the $600,000 reserve.<\/p>\n \u201cThere were a lot of people who decided in the week leading up to the auction that they weren\u2019t going to pursue it once they got some numbers and costs done<\/a>,\u201d said John.<\/p>\n He said the buyer had previously completed a period home renovation and fell in love with the house\u2019s character and history. She opened the auction with a bullish $670,000 bid.<\/p>\n \u201cThat was her tactic<\/a> \u2013 to start really strong,\u201d John said. \u201cThere were another two groups there with some form of interest, but they just didn\u2019t get the chance to bid.\u201d<\/p>\n The bids tightened from $5000 to $3000 and finally $1000 increments. The first home buyers topped out at $700,000, and the successful bidder needed just $1000 more to finish the job.<\/p>\n Related Article The first home buyers were seeking a property near their parents that they could renovate. One of their mothers was bidding on their behalf.<\/p>\n John said the neighbourhood had become popular thanks to the Grazeland Melbourne outdoor dining precinct.<\/p>\n \u201cIt\u2019s a nice residential street with other period homes, and is only two streets away from the train station and Spotswood Village, which is very popular,\u201d he said.<\/p>\n In Carlton North, a professional couple are the new owners of a classic, three-bedroom brick terrace, after a post-auction negotiation that netted a $1.2 million result.<\/p>\n Agent and auctioneer Andrew Melilli of Nelson Alexander Carlton passed in 29 Davis Street<\/a> after a single bid from the couple of $1.11 million.<\/p>\n Potential buyers in the crowd kept their cards close to their chest, and with no further bids, Melilli took the couple inside for discussions.<\/p>\n Related Article The reserve had been set at $1.22 million \u2013 the top of the $1.11 million to $1.22 million guide \u2013 but the vendor was content to sign it over for $1.2 million.<\/p>\n The deal was the culmination of weeks of strategy. The home was on the market in May when the federal budget, which included changes to negative gearing and capital gains tax, was announced<\/a>. It went to auction, but passed in amid shaky sentiment.<\/p>\n Melilli reduced the original guide of $1,275,000 to $1,375,000, and reignited the campaign.<\/p>\n \u201cThe auction process is becoming more of a pure transparency, market value exercise,\u201d he says. \u201cIt\u2019s not necessarily transacting at auction, but everything is still transacting.\u201d<\/p>\n The property has a loft retreat, and the versatility attracted the buyer.<\/p>\n \u201cIt has got a beautiful facade and street appeal, but the flexibility of the floor plan is what\u2019s really good for a professional couple,\u201d Melilli said.<\/p>\n In Mount Waverley, three young families competed for a four-bedroom townhouse in the Mount Waverley Secondary College zone.<\/p>\n![\"The](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/07\/e6977c43b7551178619bd43ebafeed952b6a0689.jpeg\")
The single-fronted Victorian had intact period features, and its buyer fell in love with the house\u2019s character and history.Domain<\/p>\n![\"The](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/07\/baa853fa7aa64a326d22cfb9d5590b7f2d77376f.jpeg\")
The buyer had previously completed a period home renovation.Domain<\/p>\n![\"Niko](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/07\/598a70ad8a72405b7ca72a07062474f048478f96.jpeg\")
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A Hills Hoist in the backyard at 10 Robb Street.Domain<\/p>\n![\"Auction](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/07\/86a4c339150f44ea9bda01957028478ee6357655.jpeg\")
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The move-in-ready nature of the home was a drawcard, said the agent.Domain<\/p>\n