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Inside Story - 23 Griffiths St, Holt

November 11, 2020

You know there’s a real buzz for a home when Allhomes decides to live broadcasts the auction. 23 Griffiths Street in Holt created quite a stir from the outset with 66 groups of people coming through the 3-bedroom home across just 18 days on market. The auction really started to ramp up when 5 registered bidders came to play, and the bids were anything but expected. The first paddle went up at $450,000 and after a game of real estate ping pong between 3 serious buyers, the property was sold under the hammer for $652,000.

The 44m2 insulated and separate multi-purpose space to the rear of the yard had people really excited for the breadth of opportunity on offer. Along with a complete coat of fresh paint, nothing left to do inside, and a decent block size of 638m2, you could see why prospective buyers weren’t ready to let this one go.

Throughout the auction there were tentative increases by just $1,000 and huge leaps of $40,000 which kept the atmosphere and desire for the home at an all-time high. We had the property beautifully styled in every room but had every confidence this one could sell itself. A single level floorplan always appeals, just as an updated kitchen, brand new carpets, and double-glazed windows sweeten the deal and allowed the new owner to move right in with nothing to do.

The original owners were drawn to 23 Griffiths Street due to the thoughtful consideration in making it efficient, sustainable, and cosy enough to survive the brutal Canberra winters. With solar hot water, a 315-litre electric hot water system, 5 solar panels, and proper insulation, they’ve never exceeded $180 bill per quarter. Then there was the garden, a tidy grassy space where the 13m2 covered cabana could shield you from the sun and mature, well producing fruit trees provides sweet treats like apples, plums, and apricots.

The median price for a 3-bedroom house in this location and suburb is approximately $555,000, Domain reports with an average of 39 days on market. As you can see, this property not only exceeded the purchasable price but also cut down the days on market by more than half. As Canberra continues to expand, we’re likely to see Holt and surrounding suburbs become even more tightly-held.