Buyers edged out first-home consumers within the race to snare an unrenovated brick veneer home in Clifton Springs at public sale on Saturday.
An area couple held off two different events to win the prize of 25 Takanna Avenue at $550,000.
However, they needed to struggle for the three-bedroom, one toilet house set on a 585sq m allotment.
There was sturdy bidding from the get-go, with public sale proceedings kicking off at $450,000.
Hayeswinckle, Drysdale promoting agent Michaela Miller stated previous to public sale that 4 consumers had confirmed their intention to bid on the entry-level property, that was listed with value hopes of $415,000 – $455,000.
Ms Miller stated first-home consumers and buyers have been eager to get their palms on the home she described as “entry degree shopping for at its finest”.
“Bidding was extremely sturdy, we had extra bidders within the crowd but it surely was going up in such fast increments,” Ms Miller stated.
“The sturdy opening bid even took our auctioneer, Danny Hayes, just a little unexpectedly.
“A beautiful native couple purchased it as an funding and can put tenants in.
“The rental demand is uncontrolled in the meanwhile.
“For one thing unrenovated, it really exhibits the expansion occurring within the space and the potential down there.”
Ms Miller stated 24 Takanna Avenue was the one public sale marketing campaign at present in the marketplace at Clifton Springs.
“The Bellarine Peninsula is booming,” Ms Miller stated.
“It’s a bit quieter and a bit extra undiscovered than the Surf Coast.”
The house was in-built 1986 and options a big multipurpose residing zone and spacious kitchen with electrical cooking.
The again backyard has a lined leisure space, loads of open grassed area, in addition to fruit timber, vegetable bins and a shed.
The property final traded in 2017 for $402,000.