A decided first-home purchaser outlasted three different events to safe his slice of Herne Hill after successful the keys to 42 Fraser Street at public sale on Saturday.
The younger Geelong gentleman, who didn’t really intend to bid on the day, pounced on the chance to take possession of the entry-level weatherboard house.
The one-bedroom, one-bathroom weatherboard home, described by the promoting agent as half a home on a 478sq m block, bought for $628,000.
Buxton, Newtown auctioneer Tom Butters mentioned “robust markets name for robust consumers and bidders,” shortly earlier than calling for bids at $460,000.
And, it wasn’t lengthy earlier than the fingers went flying, with a flurry of bidding pushing the worth effectively previous the estimated value vary of $469,000 to $499,000.
Buxton, Newtown promoting agent, Scott Roncon mentioned the client had been attempting to get into the marketplace for some time, and that he’s acquired huge plans for his new pad.
“It was an enormous consequence,” Mr Roncon mentioned
“The younger gentleman has missed out on just a few properties and didn’t wish to miss this one.
“He’s a builder who desires to get in and end the house, renovate and prolong and make it a household house.
“I’ve really bought that property 3 times and it’s nice that somebody’s getting into there to complete the job.”
The home has one bed room, toilet, front room and kitchen and has been absolutely renovated
Mr Roncon mentioned earlier than the public sale that the worth information had decided on its land worth at $1000 per sq. metre as a result of consumers would want to plan for the extension.
Perched on a 478sq m allotment, the block gives loads of house for the extension.
The property final traded in 2018 for $479,000.
As for location, colleges, parks, sporting reserves, Minerva Street and the Geelong Ring Street are all inside simple attain.
Herne Hill’s median home value is $614,000, in keeping with Hometrack knowledge.