A historic home, just out of Camperdown, failed to attract any online bids at auction on Friday but sold afterwards for $2.3 million.
Ray White Rural Victoria sales executive Anthony Stevens said prior to the auction it was expected to sell for more than $2.5 million.
He said the vendors were pleased and it was "a great result".
The six-bedroom, three-bathroom home in Pomborneit north, dates back to the early 1900s and was restored to retain its period features.
Mr Stevens said there were nine registered bidders for the property, which is on 188 acres.
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"It didn't sell at auction," Mr Stevens said. "It sold after for the reserve price, which was 2.3 million."
The home sold to a South Australian buyer, with agricultural interests, who has family living in the area.
Mr Stevens said it was a combination of the historic home, the land and its extensive gardens that attracted the buyer to the property at 50 Oppenheims Outlet Road.
He said a keen gardener purchased the home and they would continue the work of the vendors, who'd spent the past 17 years establishing and maintaining the gardens.
"It's a great result," Mr Stevens said.
The home was designed and built by noted Camperdown architect Michael McCabe who built the town's historic clocktower.
Mr Stevens had earlier described the property and its gardens as "spectacular".
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