371 Highett St, Richmond, impressive three-bedroom warehouse conversion passed in on a $2.9 million vendor bid


CONVERTED fire station stables and a house built on a former racecourse were among 30 homes to go under the hammer in Richmond this weekend.

The former Richmond Fire Station stables — originally built in 1907 and now an impressive warehouse-style conversion at 371 Highett St, Richmond — passed in despite drawing a substantial crowd.

Abercromby’s Real Estate director Hugh Hardy, who had to conduct the auction in the living room due to wet weather conditions, described the property as one of Richmond’s most compelling homes.

“It’s a fabulous parcel of land and an absolute knockout of a house,” he said.

“It just oozes character.”

Despite this, the property was passed in on a vendor bid that was $200,000 shy of its $3.1 million reserve.

Mr Hardy expected the home to sell within the coming days for more than $3 million.

Meanwhile, a clinker-brick English cottage built in 1941 as part of the area’s first housing commission estate also passed in under the hammer.

Two bidders put their hands up for the three-bedroom house at 622 Bridge Rd, on the original site of the Richmond Racecourse, but it passed in on a $1.425 million vendor bid.

Hocking Stuart auctioneer Edward Lloyd said the property sold shortly after the auction for $1.46 million, a figure $10,000 above the reserve.

Mr Lloyd described the home as steeped in history with a good size backyard and in a blue chip location.


Reported auction sales this year: 34

Reported private sales this year: 39

Top reported price this year: $3m, for 8 Stanley St

Demand: high, 713 visits per property on realestate.com.au compared with the Victorian average of 903

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