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Brighton east heated auction sells $40,000 above reserve

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3 Alexander St, Brighton East sold $40,000 above expectations.

Marshall White’s Matthew Pillios enacted a heat rule for the auction at 3 Alexander St, Brighton East, bringing the buyers into the living room rather than forcing a contest on the street.

“I think it was about 36C at the time,” Mr Pillios said. “And the home had a big living area, so it turned into an outstanding auction.”

Two bidders fought from $1.55 million to a $1.64 million sale, $40,000 above reserve.

A young couple won the keys to the four-bedroom house and showed even a basic, solid brick home could drive competition.

The results were recorded as the city emerged from its second week of more than 1000 auctions this year with a 55 per cent preliminary clearance rate, according to CoreLogic records.

2/1 Howard St, Glen Iris sold almost $100,000 above reserve at the weekend.

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