North Melbourne Engine House Townhouse Sells for $1,043,000

A townhouse located within the historic Cable Tramway Engine House in North Melbourne was sold at auction on Saturday for $1,043,000. The final price was determined by a competitive bidding process.

The unique property, part of a historic North Melbourne complex, surpassed its reserve price to fetch $1,043,000.

Property Overview

Situated at 3/201 Abbotsford Street, this townhouse is one of 17 residences in the distinctive complex. It features two bedrooms and two bathrooms, showcasing a modern design across multiple levels.

Auction Details

Nelson Alexander Carlton agent and auctioneer Ryan Currie presided over the auction. He stated that bidding commenced at $900,000. Three bidders actively participated, progressively increasing bids in significant increments until the reserve price of $970,000 was met. The property's price guide had been set between $900,000 and $990,000.