October 25, 2026 — 4:23pm
A triple-brick character home in Northcote, with a separate apartment attached, didn’t receive a single offer from a buyer at auction on Saturday, passing in on a vendor bid of $1.7 million.
The five-bedroom property at 173 Bastings Street had been advertised with a reserve of $1.8 million.
Collings Real Estate’s Chris Vrantsis said though there had been a lot of interest in the property, buyers had stepped back after the reserve was revealed, which is required by law under new Victorian auction rules .
“We had 30 to 35 people through the house and a few people came back quite a few times,” Vrantsis said. “But I think as soon as the reserve was shown they felt it was over the top.”
The property is now advertised for private sale with a $1,775,000 asking price.
The Northcote auction was one of 838 scheduled in Melbourne this week.…