Belmont property hotly contested
A GEELONG West investor has paid $65,000 above reserve to win a six-way battle for a Belmont property.
Offers flew from many corners as buyers recognised the potential of 27 Hill St, auctioned on Saturday.
The three-bedroom house on 776sq m of land (below) sold for $585,000, eclipsing the $520,000 reserve.
Hayeswinckle, Highton agent Michelle Winckle said both investors and first-home buyers had been vying for the property.
The new owners are young family who saw value in the cross-town purchase.
Ms Winckle said the location, 200m from Belmont High School, and the large block were an attractive combination.
“We are right in the heart of everything, minutes walk to Highton, minutes walk to Belmont, the schools are literally two minutes walk from the front door,” she said.
“This is the sort of property that you buy and you sit on for 20 years.”
FYANSFORD
A GEELONG family searching for greener pastures has paid $970,000 for a Fyansford lifestyle property at auction.
The promise of 2.02ha of land and a stylishly renovated farmhouse just a few minutes’ drive from Geelong’s city centre drew strong interest in 50 McCanns Lane.
Several bidders raised their hand for the property — which is earmarked for a future residential growth corridor — on Saturday.
Richardson, Newtown auctioneer Will Richardson opened proceedings with a $800,000 vendor bid and declared the property on the market at $960,000.
The new owner said his family had been on a 12-month search for an acreage property.
“It ticks all the boxes for some acreage that’s close to Geelong,” he said.
BELMONT
COMPETITION from first-home buyers drove up the price of a modest Belmont house that sold for $608,000 at auction.
Four parties looking to enter the property market made a play for the two-bedroom, weatherboard house at 12 Morris St on Saturday.
The strong interest saw it sell under the hammer for well above the expected price range of $519,000 to $559,000.
Buxton, Highton agent David Gray said a local couple were looking forward to moving into the neighbourhood.
“It was super neat and had that charming character that we all love but I think the location was the big drawcard,” Mr Gray said.
GEELONG
THE opportunity to walk to the CBD saw “frenzied bidding” for a weatherboard character house auctioned on the city fringe.
Maxwell Collins, Geelong agent Shaun Carroll said 160 Gheringhap St, Geelong (below) sold for $595,000 after quick fire offers from three parties.
“It kicked off at $530,000 straight off the bat and there was frenzied bidding back and forth,” Mr Carroll said.
“It went up 50 grand in about 15 seconds and sold past the reserve.”
He said the buyers were a young local family which was attracted to the central location close to South Geelong train station and within walking distance of the city.
The house, on the corner of Kilgour St, has period features such as polished timber floors, high ceilings and open fireplaces.
BELL POST HILL
THE ultimate man cave won the heart of a young Melbourne buyer who is relocating to Bell Post Hill.
The tall American-style barn with its mezzanine floor was a key attraction of 9 Peter St (above), which sold for $515,000 at auction.
Gartland Property, Geelong agent Seka Powell said there were three bidders for the original three-bedroom house and several others who didn’t get the opportunity to bid as the price climbed above expectation. Price hopes had been upwards of $450,000. “I think the shed was quite an attraction for (the buyer),” Ms Powell said.