Collingwood footballer Levi Greenwood has finally offloaded a South Melbourne renovation-rescue.
The sportsman, who is studying to be a carpenter, reaped $1.175 million for 97 Bank Street.
The two-bedroom terrace failed to sell at auction last December – the period many agents are now saying was the trough in the city’s residential real estate cycle.
In that auction campaign, the home carried a price guide of between $1.2 million and $1.3 million.
Greenwood paid $920,000 for the house in 2016, before undertaking a two-year long restoration.
While it doesn’t offer a car park, the home was offered with two parking permits.
In July, 2017, Greenwood sold an Edwardian terrace in Northcote following a major renovation. That home at 179 Arthurton Road, traded for $1.31 million after passing in at auction shortly beforehand for $1.28 million.
The Northcote property cost the footballer $725,000 in 2014.