Despite the grey and gloomy Melbourne day, Michelle Portelli from Nelson Alexander Preston and her team found themselves furiously inputting the bids for 192 Tyler Street Preston.  Over a period of 11 minutes, this property was hotly contested by 5 different bidding parties with a total of 70 bids overall.  It took only 7 bids from the crowd to bring this property on to the market, and a further 63 for the Auction to conclude at a successful sale price of $1,201,000. With a median house price point of $967,000, this Preston property sale is proof that the overall market is still remaining strong. With stock levels low and levels lower than the Spring market last year, quality properties are achieving successful results.

With its fantastic location close to Plenty Road and with shopping and transport links directly into the CBD, this property ticked a lot of the boxes. Added to which was its lovely Art deco facade and period features within, this home was always going to attract the bidders.  Preston is fast becoming a popular suburb for young families and couples who are looking for affordable properties still within close proximity to the City. With the Preston food truck park and Preston Market nearby, this is a suburb that is vibrant and multicultural. 

Bidtracker quick facts
Opening Bid                           $930,000
Total Number of Bids           70      
No of bids until on market  7
Auction Duration                  11 minutes
Total Crowd                           70
No of Bidders                         5
Sale Price                                $1,201,000

For more information on this property, contact the team at Nelson Alexander Preston directly.

Contact Details

Nelson Alexander Preston 
140 Regent Street, PRESTON, VIC 3072
Phone: 03 9478 5000

Michelle Portelli
Partner / Licensed Estate Agent
Phone: 0414 758 541
Email: mportelli@nelsonalexander.com.au