Levi Greenwood boots South Melbourne terrace at last

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 renovated living area opens to a deck.

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.

Marshall White’s Matthew Pillios and Matthew Grima marketed 97 Bank Street for the 30-year old AFL player.

An image used during the 2016 marketing campaign of the then-unrenovated 97 Bank Street home.

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.

Levi Greenwood

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Marc Pallisco

Marc Pallisco

A freelance property writer and analyst, Marc is a co-founder of realestatesource.com.au.

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