An interesting character dwelling in a secluded laneway in Newtown’s Chilwell pocket has overwhelmed value hopes by $50,000 at public sale.
The four-bedroom home at 4 Westcott Place bought underneath the hammer for $1.06 million.
Two bidders contested Saturday’s public sale, with a 3rd occasion remaining silent as Maxwell Collins, Geelong agent Duncan Skene referred to as for bids.
Mr Skene mentioned it was an ideal home for the native patrons.
“That they had been taking a look at totally different properties — they’d been to a couple of my different houses and so they simply cherished the realm and it suited them all the way down to the bottom,” he mentioned.
Westcott Place runs between Marshall and Sharp streets within the Chilwell pocket near Kardinia Park and Pakington Avenue.
Whereas the espresso outlets within the retail strip had been bustling with Saturday morning commerce, Westcott Place appeared a world away within the quiet neighbourhood.
“When folks purchase actual property, a excessive share of their resolution relies on location and this can be a cracking location,” Mr Skene mentioned.
“On the finish of Pakington Avenue you’ve received the Barwon River with its operating and strolling trails, that are a real spotlight of Geelong. Geelong’s CBD is a brief drive away, or chances are you’ll desire to remain domestically on Pako, which is properly famend for its cafes and eating places and the whole lot you want proper there in your doorstep.”
Mr Skene, who opened the public sale on a $940,000 vendor bid, referred to as the 528sq m property available on the market at $1.01 million.
Newtown’s median home value has climbed nearly 15 per cent in previous 12 months to $945,000, realestate.com.au information reveals.
A earlier proprietor had prolonged the unique single-fronted home, including an identical wing to create 4 bedrooms and a research, a big residing space and open kitchen and eating rooms.
A giant out of doors deck ignored the yard.
“All people cherished it, primarily simply due to the placement and the way in which it was introduced – it was immaculately introduced,” he mentioned.
“It’s a great sized character dwelling, 4 bedrooms plus a research, you’ve received a low upkeep backyard however sufficient to maintain you helpful.
“You’ve received the 2 automotive areas out the entrance however you don’t want them as a result of you possibly can stroll to in all places.”