Australian cricketer Peter Siddle has sold his Parkville investment at weekend auction securing some $120,000 above his reserve.
The two-bedroom pad at 202/228 The Avenue came on the market with its first bid of $900,000.
Bidding swept past the reserve, with the second-floor offering knocked down at $1 million to one of the two downsizer bidders.
Siddle had lived in Arcadia, the Fender Katsalidis-designed apartment complex on the fringe of the Royal Park Golf Course for four or five years after purchasing it in December 2008.
“We were training at the MCG back then,” the bowler told the Sunday Herald Sun.
“The access to the airport and with all the parks around, it’s a nice area to be in.”
The Parkville apartment last sold for $575,000 in late 2008, reflecting a 6 per cent annual price growth. It features two bedrooms, two bathrooms and a large open-plan layout that flows to a balcony overlooking parkland.
Agent Lou Rendina had been quoting $800,000 to $880,000 for the flat, which had been last available to rent when advertised at $560 a week in 2013.
Siddle and wife Anna Weatherlake are currently building in bayside Black Rock.
Elsewhere, the offerings were much smaller. Tiny apartments were popular at weekend auctions with big prices outlaid.
A New York-style studio pad in St Kilda, with compact vogue styling, fetched $346,000.
The 46-square-metre studio space has been a $290-a-week rental.
It last sold at $140,000 in 2003.
In Sydney a one-bedroom harbourfront apartment at Kirribilli sold for $1,875,000.
Listed for the first time in more than 50 years, the 60-square-metre apartment, with sunroom, last sold for about £8000.
The 2/11 Waruda Street offering in The Venetian has a panorama encompassing the Harbour Bridge and Opera House.
Back in Melbourne and in Hampton, the childhood home of Shane Warne was passed in at auction when offered for the second time in less than 18 months.
The auction only saw vendor bids that topped out at $1.45 million for the three-bedroom house at 229 Thomas Street, Hampton.
The bungalow was bought as an investment for $1.55 million after it passed in at April auction last year. It has been rented since at $1000 a week.
Nick Johnstone agent Alan McGillivray said an offer matching the vendor bid had been received, but no sale had yet been achieved.
Its price guidance was $1,350,000 to $1,485,000.
It’s where the spin king spent his early years before relocating with parents Keith and Brigitte in 1976, aged seven.
Melbourne was the busiest city for auctions, with 988 homes going under the hammer, returning a preliminary clearance rate of 58.7 per cent. This time last year, the clearance rate was 71 per cent.
The nation’s highest preliminary clearance rate was recorded in Adelaide, where 72.7 per cent of the 44 reported auctions were successful.
There were 701 auctions held in Sydney returning a preliminary auction clearance rate of 55.8 per cent.
National auction volumes increased significantly over the week with 1991 homes taken to auction across the combined capital cities, up from just 904 last week when auction volumes were lower due to the Queen’s Birthday long weekend.
The preliminary national clearance rate was 56.9 per cent this week.