An unique Torquay seaside home will stay to see one other day after a Geelong household outbid three builders for the property, which beat value hopes by $300,000.
The three-bedroom, one-bathroom home, at 23 Central Avenue, bought for $1.4m at public sale on Saturday.
A primary location 400m from Fishermans Seaside drove competitors from consumers wanting so as to add worth to the 613sq m block.
There was potential to construct two townhouses side-by-side, topic to council approval.
However Barry Plant, Leopold agent Deane Hughes mentioned the brand new house owners needed to maintain the home as a part-time vacation base and chip away at doing it up.
He mentioned the property was anticipated to fetch $1m-$1.1m however shortly rose past comparable latest gross sales within the space.
“There was solely 9 bids however they have been $50,000 bids,” Mr Hughes mentioned.
“It began at $1m and went as much as $1.4m.
“The consumers stay in Geelong and for them it was simply the situation, being 400m to the seaside and a bit of little bit of a interest to start out engaged on.”
The home gives two giant dwelling areas, one with a wooden heater, a separate kitchen/meals space and a examine.
A double storage within the yard comes with a second rest room and workshop area.
The brand new house owners will be capable of depart the automotive at house and stroll to close by Taylor Park and the primary Torquay buying space.