This year’s stunning Telethon house got such a good deal that “should have been arrested for theft according, according to auctioneer Geoff Baldwin.
Mr Baldwin made the crack as the multi-level four-bedroom, two-bathroom home in Forrestfield went under the hammer this morning.
The house, built by New Level in the same street Tels Telethon home, features fresh modern designs with spacious living areas.
Built in Satterley’s The Hales estate, it has two outdoor entertaining areas and sits on a 450 sqm block.
The auction started off slowly, with Mr Baldwin attempting to set the opening bid at $ 725,000 – the same level of last year’s house sale.
But there were no takers, and eventually the opening bid came in at $ 580,000.
John, the man who would eventually go on to make the winning bid, put his hand up to the price up to $ 600,000 where it stalled for a few minutes.
Mr Baldwin tried to get the next bid at $ 620,000, then $ 610,000 – before accepting a bid of $ 605,000 from a proxy bidder talking on the phone.
John upped the ante to $ 610,000 before a vendor’s bid came in to push the price up to $ 650,000.
Finally, John made a winning bid of $ 655,000 – a price Mr Baldwin said that he should have been arrested for theft.
The auctioneer said the value of the home was closer to $ 800,000.
Speaking to Rick Ardon John said he had always wanted to live near the hills.
Really I'm just really impressed by the whole development here, ”he said.
’The estate’s beautiful. It’s a great feeling – if you have to buy a home make it the Telethon home. ”