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Gold Coast home snapped up in six minutes at auction

first_img19 Twenty Fifth Ave, Palm Beach.“They’ve been actively looking for quite a while and this one ticked a lot of boxes,” he said.More from news02:37International architect Desmond Brooks selling luxury beach villa15 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days agoMr Powell said the couple were drawn to the property’s beach house feel. It was a feature that appealed to many prospective buyers, he said.Throughout the 30-day campaign, Mr Powell lead 53 inspections of the four-bedroom home and it had more than 4000 views on realestate.com.au. He said several offers had been made prior to auction.The dual-living home, which property records show was built in the 1960s, has undergone an extensive renovation during the past few years.Sellers Marcel and Jayne Maujean told The Gold Coast Bulletin last month they wanted to breath new life into the home without destroying its traditional beach house charm, which was what also drew them to the property five years ago. 19 Twenty Fifth Ave, Palm Beach. 19 Twenty Fifth Ave, Palm Beach.THE sale of a renovated Palm Beach house will be remembered as one of the quickest after it was snapped up in six minutes at auction on the weekend.Three bidders vied for the Twenty Fifth Ave property on Saturday morning.The auction, which was streamed live online, began at 10.16am with an opening bid of $830,000.That figure rapidly climbed to $985,000 when the hammer came down at 10.22am.Marketing agent Guy Powell, of Ray White Mermaid Beach, said 38 bids were made in that period in front of a crowd of about 20.He said a young Gold Coast couple were the new owners. 19 Twenty Fifth Ave, Palm BeachBut it proved a much bigger job than they anticipated.“If I did my time again I probably would have knocked it over,’’ Mr Maujean said.But the hard work had paid off, he said, and they were pleased with the result, particularly the main bedroom, which features a 100kg barn door and study nook. Mr Powell said the market had been steady in Palm Beach but he expected it to pick up during the next few months. “Winter was a bit quieter in (some) periods but it was still strong,” he said. “Coming into spring, I think we’re going to have a few good months ahead.”According to latest CoreLogic data, the media price for a house at Palm Beach is $812,000 and $450,000 for a unit. House prices have jumped 8.3 per cent in the past year while units have climbed 4.9 per cent. REAL ESTATE: 19 Twenty Fifth Ave Palm beachlast_img read more