Former Pellegrini’s co-owner’s Prahran art deco home sells for $3.53m

Key points

• A renovated three-bedroom bungalow on Maribyrnong Road in Moonee Ponds sold at auction on Saturday for $1,375,000. The home sold $25,000 above its reserve after two bidders competed.
• The vendors bought it in early 2023 for $880,000. In Clifton Hill, a Victorian terrace house sold for $1,451,000 at auction, with five bidders pushing the price more than $160,000 above its $1.29 million reserve.
• Agents said buyer interest picked up in recent weeks.