Local auction 

Ringwood North’s Wisteria Lane Wins Million Dollar Auction

9 Parkwood Rise, Ringwood North, sold for $ 1.55 million.

A Ringwood North house on a street comparable to that of American comedy-drama Desperate Housewives’ Wisteria Lane sold for $ 1.55 million at auction on Saturday.

After a handful of heavy auctions, followed by a tense pause as sellers deliberated whether or not to sell, the hammer fell on the four-bedroom house with pool.

Listed initially between $ 1.3 million and $ 1.4 million, and called up on the market at sale price, 9 Parkwood Hill sold to a man who made the opening auction.

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The backyard has a swimming pool and an outdoor area perfect for entertaining.

The spacious living space.

A large kitchen was also part of the set.

Downsizers Fi and Ross Laws, who bought the property 16 years ago, said they “fell in love” with the house and the neighborhood almost instantly.

“At the time, we wanted to upgrade and the pool was a big part of our two teenagers,” Ms. Laws said.

“We call it Wisteria Lane; our friends call it Wisteria Lane because there is no traffic and people walk their dogs on the lane all weekend. “

Ms Laws said it was a “nice safe area” where everyone knows their neighbor.

“The first Sunday in December we have a Christmas street function and it has been going on since before we got here,” she said.

Mr Laws added that the property backs onto a park and a football oval, which was essentially an extension of the already well-sized backyard.

There are four bedrooms in the property…

Auction case study

Vendors Fi and Ross Laws outside their 16-year-old home. Photo: Ian Currie

Ray White Ringwood’s agent Reuben Nadarajah said the house was “in the nicest neighborhood”. “It’s an exclusive pocket… nobody wants to leave,” he said.

He added that there were “loads of people who still wanted to buy” despite the city’s extended lockdown.

“This is the story of FOMO (the fear of missing out),” he said.

The Laws said that while it would be ‘bittersweet’ to leave their longtime family home, they were excited about their next chapter after they recently bought property in Ballarat.

They plan to spend the Victorian winters in Queensland or Europe as they prepare for retirement.

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