New reports confirm that a stunning 1930s cottage in Northcote has been sold for $2.35 million, just above its reserve, despite attracting only one bidder at the auction. The property, located at 15 Mitchell Street, features three bedrooms and two bathrooms, showcasing a remarkable art deco renovation completed in 2021.
This house, which had a price guide of $2.1 million to $2.3 million, was previously purchased for just $905,000 11 years ago. The transformation into a beautifully designed family home has drawn significant interest, particularly from young couples and families looking for a charming space close to the vibrant High Street café strip.
Despite the strong interest during the inspection phase, only three bidders registered for the auction, with a young family ultimately raising their paddle at $2.1 million. Selling agent Toni Leskovec from Jellis Craig Northcote noted the unique appeal of the home, stating it was situated in a “tightly held street” and represented excellent value for both seller and buyer.
“It was a bit slow but I priced it really well, and I think it was great value for the owner and buyer,”
said Leskovec. She highlighted that many comparable homes were recently priced lower, adding to the allure of this property.
The home’s design, which successfully merges modern conveniences with classic art deco elements, has captured the attention of the local market. As the real estate landscape continues to shift, this sale underscores the demand for thoughtfully renovated homes that offer both character and livability.
As the housing market evolves, buyers are keen to see how this trend impacts future sales in the area. The Northcote property scene remains dynamic, with potential developments on the horizon that could reshape the local landscape.
Stay tuned for further updates on real estate trends and market shifts in Northcote and beyond. This sale marks a significant moment in the ongoing evolution of residential properties in the area, reflecting both the enduring appeal of vintage charm and modern family living.
