Dyson Heppell bombs out at auction of Moonee Ponds house he spent banned year renovating
SAMANTHA LANDY, Property reporter, Herald Sun
November 19, 2016 8:01pm
ESSENDON midfielder Dyson Heppell has bombed out at auction trying to sell the Moonee Ponds house he spent his year banned from Essendon renovating.
Dyson Heppell at the auction. Picture: Tim Carrafa
But the battle hardy young Bomber sold it shortly after for $2.65 million.
The 1910 house at 1 Jennings St, which the 24-year-old transformed while serving his AFL doping ban, sold in a post-auction negotiation to a family keen on its location near a host of quality schools.
Almost 100 people turned out in brilliant sunshine to watch auctioneer Brad Teal send the property under the hammer.
But none of them put their hand up to snare the tastefully renovated house, which boasts a crisp white period facade with soaring brick chimneys either side and a spacious extension and pool at the back.
Mr Teal talked up Heppell’s extensive renovation before the auction, telling the crowd it “puts The Block to shame”.
CoreLogic records show the property last changed hands in September 2015 for $1.74 million.
A permit for a $49,000 extension and alteration was granted in February.
Selling agent Rebecca Towns of Brad Teal, Essendon, had been quoting $2.5-$2.65 million for the four-bedroom abode, which Heppell named Albertus after his grandfather.
Ms Towns said pre-auction interest in the house had largely come from families, as it was close to schools including Penleigh and Essendon Grammar, Lowther Hall Anglican Grammar and St. Columba’s College.
Ms Towns said Heppell kept the home’s period facade and four front rooms intact and added an extension with an open plan living, dining and kitchen area featuring soaring ceilings, polished concrete floors and glass stacker doors offering views of the pool and garden.
It was one of 1201 homes scheduled to go under the hammer this week — the second last of the bumper spring selling season.
The Real Estate Institute of Victoria expects auction numbers to rise to 1430 as the season comes to a close next week, with strong weeks of 1240 and 1290 to follow for the first two weeks of summer.
Among yesterday’s strongest results was the $3.75 million sale of a Victorian home in need of renovation at 22 Chrystobel Cres, Hawthorn.
Advantage Property Consulting director Frank Valentic said the 1888 house, on a substantial 830sq m block, flew $450,000 over reserve.
Mr Valentic said it took Marshall White auctioneer James Tostevin about 40 minutes to knock the house down, as bids from five to six bidders continued to flood in.
The property, located in the coveted Grace Park Estate, earned the big price despite having the downsides of being south-facing and on a slope, he said.