A nondescript brick home in a Melbourne court beamed around the world in TV show Neighbours as Ramsay Street, Erinsborough, sold for $1.405 million before a large crowd at auction yesterday.
The $1.2855 million opening bid for 5 Pin Oak Court, Vermont South, exceeded the reserve.
With the four bedroom dwelling on the market, two buyer groups pushed the price up.
It is the first home in the court to trade for a seven figure sum.
The vendors acquired 5 Pin Oak Court for $68,000 in 1978.
The purchasers, realestate.com.au is reporting in this item, are UK-born Hayley Jones and partner, Mike Shackley, represented by National Property Buyer’s advocate Anthony Bucello.
Ms Jones said Neighbours is her favourite TV show and that she remembers watching the first episode.
The program first aired in 1985 and is today a lot more popular in the UK than in Australia.
First seven figure deal in Pin Oak Court
Pin Oak Court is not far from the Global Television (Australia) Nunawading studio, which provided the backdrop for many Neighbours scenes.
The set for local Erinsborough café, Lassiter’s, is still fit out at the GTA studio which was built in 1963 and has in recent years been the subject of a master-planned residential redevelopment, Forest Ridge (Channel 10 moved from Nunawading to South Yarra in 1992 but still rents part of is old headquarters for Neighbours).
When the show began, 5 Pin Oak Court – known as 28 Ramsay Street – was occupied by Des and Daphne Clark.
Ten years later the Kennedy family moved in.
The irregular shaped 690 square metre holding is twenty kilometres east of the CBD.
Home owners can’t modify houses without consulting the producers
The TV show producers pay a rental to the home owners – who in turn agree not to change facades without consultation, and allow their gardens to be used for filming and for letter boxes to be changed.
Bus tours – as well as many private sightseers – also regularly visit.
A security-guard patrols the area full-time.
Pin Oak Court sales activity
The last home to sell in the court was #3 in 2013, which was picked up by UK-based Blackburn North expat Andrew Whitney for $867,000.
Known in recent years as Toady’s house but before that accommodating members of the Robinson family, this elevated property has views over the adjoining Billabong Park.
The vendors paid $124,000 in 1984 – a year before the street became famous.
In 1998 Mr Whitney – who owns a private jet and helicopter charter flight company – acquired 6 Pin Oak Court for $238,000.
Another home, 2 Pin Oak Court, traded for $630,000 in 2007. This home also sold in 1999 for $312,850 and 1984, for $126,000.
Number 4 Pin Oak Court – or 24 Ramsay Street (the fictional home of street namesake Max Ramsay, and where Charlene, played by Kylie Minogue once lived) last traded for $66,950 in 1981.
Harcourts Judd White’s Dexter Prack, Jourdain Creigh and Bruce Liu marketed 5 Pin Oak Court.