Happy hunting in old Highton
Older housing stock in Highton is proving a happy hunting ground for first-time buyers trying to break into the riverside suburb.
A couple from Belmont scored a three-bedroom brick home at 109 South Valley Rd for $700,000 in a postauction deal.
McGrath, Geelong agent Brock Buchanan said the couple got the jump on two other conditional buyers after raising a hand for the
656sq m property.
“It was passed in and then sold inside directly after with that bidder that had the highest bid,” he said. “We had a couple of buyers there, subject to finance, so we had three potential buyers there, and a young couple from Belmont have secured their first home, which is fantastic.
“Obviously the location was a big thing, close to Highton Village and close to Waurn Ponds and it’s in the school catchment zones.” The popular Porter Ave shopping strip is also just around the corner from the house, which has an open kitchen/meals area and dual living rooms.
“It had original bathrooms in it so there’s plenty of scope to add value over time,” Mr Buchanan said.
Later the same day, firsthome buyers from Bentleigh paid $780,000 to secure a three-bedroom home at 38 North Valley Rd, Highton. They were the highest bidders for the property, which was passed in before selling within the $760,000$810,000 price range.
Ray White, Highton agent Ben Powe said the couple had contemplated bidding for 109 South Valley Rd but were more drawn to their chosen home’s location. “They just wanted to make a lifestyle change and relocate to Geelong,” he said.
“They had looked at a few properties around Highton and really loved the fact it was close to Highton Village.
The neat Bell and Fultonbuild home has high ceilings, polished timber floors and an updated bathroom.
It sits on a 604sq m block with dual street frontages providing rear access to a double garage from Elizabeth St.
Mr Powe said the buyers might look to extend into the sizeable back yard in five or 10 years down the track.