Uni student beats investor to buy $1m Fitzroy home with help from mum

A third -class university student paid $ 1,022,000 to buy a Fitzroy Terrace House on Saturday and defeated a Sydney investor to buy the house.

Two bedrooms house 1 Cremorne Street Nelson Alexander sales agent and auctionist Mark Verrocchi said he was sitting in a small land block and was kept for investment purposes.

“A large result of 77 square meters was a fair market value,” he said. “Very beautiful and regular, comfortable, very comfortable. Two beds from the corridor and central life.”

Verrocchi listed the house for sale with a price guide of $ 900,000 to $ 990,000. He opened the auction with a seller’s offer under the range and placed on top of the reserve.

He said they had two proposals for the property.

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Verrocchi said, a young first home receiver to be helped by a Sydney investor and then his mother, Ver said Verrocchi.

“They live in the city and went to Melbourne Uni and wanted to buy a small house and my mother helped her buy one.

“It was refreshing to see that an investor from Sydney wanted to benefit from Melbourne’s worthless compared to other big cities.”