A younger couple is about to capitalise on a cute residence in one in every of Geelong’s fastest-growing neighbourhoods after putting at public sale.
The patrons from Melbourne secured a cute Federation period home at 207 McKillop Street, East Geelong.
The three-bedroom home offered for $740,000 after it attracted three events to Saturday’s public sale.
Nevertheless, solely two raised a bid after the auctioned opened on a $660,000 vendor bid.
Buxton, East Geelong agent Jarrod Leonard mentioned the reserve value was $720,000.
Mr Leonard mentioned he’d but to talk to the patrons, as their Geelong-based father had inspected the property and bid on their behalf.
“They’re primarily based in Melbourne and haven’t seen it exterior of the digital walk-throughs,” he mentioned.
“Their plan is to come back down from Melbourne. They’ve already bought household which have moved down right here and realised what an excellent space it’s.
“And they’re going to in all probability long run lengthen on the again, add on to the again and have an excellent property in an excellent location.”
The 407sq m property has rear lane entry and several other hundred metres from the Backyard Avenue buying village.
“For what East Geelong is doing value smart, it’s in all probability not “entry” entry degree nevertheless it’s fairly shut and also you get all the advantages of being near the CBD.
“It’s an exquisite facade. Three quarters of the home was fantastically character oriented, the final quarter was the place folks in all probability want so as to add some worth.”
East Geelong’s median home value has spiked amid the pandemic, rising 31 per cent in 12 months to $740,000, realestate.com.au knowledge reveals.
Mr Leonard mentioned the sellers, who had been initially from Geelong, had returned to arrange the property on the market when the state when into lockdown.
“They’d come down to offer the place a as soon as over as a result of the tenants had moved out they usually had been going to place in in the marketplace and after they bought down right here all the things shut.
“So that they’ve spent the final couple of months right here having fun with it.
“They honestly fell again in love with the world and had been more than pleased if it didn’t finally promote to do some work themselves.”
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