Historic Allansford homestead fails to sell at auction

MORE than 140 years of history failed to sell at an Allansford property auction on Saturday, but representatives remain confident that Summer Hill will still attract a sizeable seven-figure sum.

The historic property drew about 100 people to the on-site auction, where bidding opened with a $1 million vendor’s bid.

Brian O’Halloran & Co auctioneer Brian Hancock said Summer Hill was passed in on the vendor’s bid but there was plenty of interest in the property.

“Straight after the auction we were dealing with a couple of different people and received three advanced offers on the $1 million,” Mr Hancock said.

“The owners have set the reserve at $1.5 million.”

He said the stone homestead was built in 1873.

The weekend’s other auction involved four properties in close proximity to each other in Merrivale.

A house at 109 Davis Street and three vacant blocks in nearby Cody Place all went under the hammer, with only the Davis Street property selling.

Northeast, Stockdale & Leggo sales agent Ann Johnson said bidding on 109 Davis Street opened on a vendor’s bid of $230,000 before being passed in at $240,000. Ms Johnson said the property was sold after the auction for an undisclosed amount.

The three blocks in Cody Place — numbers two, four and five — were all passed in on vendors’ bids of $100,000.

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