Frankston house built around historic silo sold at auction
A FRANKSTON house built around a 130-year-old silo has sold at auction, to a family who fell for its “quirkiness, character and charm”.
The buyers from Sandhurst were so keen to secure the historic home they bid on top of themselves, raising their last offer by $10,000.
The sale price achieved by the three-bedroom house at 2 Cricklewood Ave is undisclosed. But it’s understood to have fallen within the $800,000-$880,000 range quoted by Barry Plant Frankston before the auction.
The silo — which rises from the house like a turret — was originally used as a wheat store by coal merchant James Raeburn Petrie.
Petrie had built his house in 1888 on the nearby street now named in his honour, and he and his son later transformed the silo into a farm house in the early 1900s.
This involved cladding it in bluestone and rendering it.
The house has since been extended and brightened up with leadlight windows.
The vendors who lived there seven years also added a pool and fencing to its 1153sq m block.
The silo features a circular entrance hall and sitting room on the ground floor and the main bedroom a level up, with the rooms connected by a spiral staircase from a sailing ship that wrecked off the coast of Frankston.
Barry Plant Frankston director Thomas Larkin said the buyers were the sole bidders at Saturday’s auction, but had been keen to secure the home.
“They loved the quirkiness, the history, character and charm, and the fact it’s close to the beach,” he said.
Frankston train station, Bayside Shopping Centre and freeway access points are also close to the property.
Meanwhile, Advantage Property Consulting director Frank Valentic said a young developer was fortunate to pick up “the cheapest property sold in Frankston in a long time”: an unliveable house at 4 Raymond Ave that fetched the “bargain” price of $460,000.
Five bidders pursued the two-bedroom house on 638sq m, which Mr Valentic said sold above its $445,000 reserve, but well below Frankston’s $625,000 median house price.
“All the bidders were developers,” he said.