Jackson Acott from Unlock Real Estate has sold a renovated three-bedroom house at 24 Banksia Crescent in Churchill for $501,000 via private treaty after 10 days on market, with six competing offers delivering a result several thousand dollars above the price guide.
The quick campaign demonstrated how Churchill’s university market rewards well-presented investment properties. Jackson’s challenge was converting strong buyer interest into a premium outcome through strategic negotiation.
Six buyers compete as university appeal shines
The buyer pool reflected Churchill’s investment credentials: interstate purchasers, local investors, and buyer’s agents all registered interest in the single-bathroom house.
“There was strong interest and we were able to leverage that buyer demand to strongly negotiate,” Jackson said.
The successful buyer offered both a competitive price and quick settlement terms — a combination that resonated with vendors eager to move on.
Jackson spent 2–3 hours negotiating back and forth between the six parties, creating competitive tension that drove the final figure beyond initial expectations.
“The vendors were astounded by the price we were able to achieve and the speed of the sale,” he said.
“It was much better than they thought.”
Fresh renovations meet university demand
The property’s appeal came from two key factors: proximity to Federation University and comprehensive renovations that eliminated immediate maintenance concerns for investors.
“The house was freshly renovated with everything being pretty much revamped, which made it a super strong appeal for everybody that was interested,” Jackson said.
For university-focused investors, the smaller three-bedroom format delivers a rental advantage.
“Due to the university nearby and this being a smaller three-bedroom home, the rent would be lower for uni students, which makes it really strong rental and there’ll definitely be no vacancy period,” Jackson said.
“This will be picked up straight away.”
Churchill market context
Churchill’s position as a university town creates consistent rental demand, particularly for smaller properties within walking distance of Federation University. The suburb recorded 7.2% growth over the past 12 months, with three-bedroom houses achieving a median price of $375,000 and rental yields around 4.8%.
Leftover buyers signal ongoing demand
Jackson’s forward view for Churchill vendors is optimistic, backed by tangible evidence from this campaign.
“If anyone in Churchill is interested in selling, now is definitely a good time,” he said.
“There’s plenty of leftover buyers from this one and I’m sure three and four-bedroom homes in Churchill will be swooped up in similar conditions to this one.”
The combination of university proximity, investor focus, and competitive buyer activity suggests Churchill’s smaller housing stock will continue attracting premium interest when presented well.
About the Agent
Jackson Acott from Unlock Real Estate brings a proactive, client-focused approach to real estate, combining local market knowledge with transparent communication and strategic advice. He prioritises delivering professional service that supports informed decision-making and positive outcomes throughout the sales process. Visit Jackson’s website for more information or call Jackson on 0455909537.