A Geelong household has pounced on a hidden Newtown gem that sparked desires of a knockdown rebuild mission in a premium pocket overlooking Queens Park.
Daniel and Tracey Boddington had been the very best of two bidders for the elevated 739sq m property at 11 Chesterfield Court auctioned on Saturday.
They paid $912,000 — greater than $70,000 above the highest asking worth — to safe the three-bedroom home.
Gartland Property, Geelong agent Nathan Ashton stated 4 bidders registered for the public sale however solely two acquired an opportunity to place their hand up.
“The bidding was fairly aggressive,” Mr Ashton stated.
“It opened at $760,000 and it went up pretty rapidly to about $840,000.”
He stated the reserve was inside the $780,000 to $840,000 worth vary, however consumers noticed higher worth within the land.
“It highlighted the desirability of the situation,” he stated.
“It was a powerful parcel of land and the home was nonetheless in good order for somebody to maneuver into.
“The entire consumers that had been it had been doing a knockdown rebuild or a reasonably main extension.”
He stated the north-facing entrance loungeroom had views over the Barwon River precinct and sporting fields at close by St Joseph’s Faculty which may very well be additional capitalised on.
He stated the Boddingtons would look so as to add worth to the property down the observe however could take the chance to hire it out whereas finalising any plans.
The prevailing weatherboard home gives a dwelling and eating rooms and a separate kitchen/meals space and two loos.