A younger household has snapped up a cool renovated South Geelong cottage amid loads of curiosity from first-time consumers trying to break in to the internal suburbs.
The couple with a child had assist from dad to bid for the two-bedroom home at 201 Swanston St on Saturday.
The weatherboard cottage, which is three doorways up from Geelong’s Little Creatures brewery, bought for $762,000.
The sale earned a $42,000 bonus for the sellers, who Hayeswinckle agent Michelle Winckle mentioned had set a $720,000 reserve worth for the property.
Renovating the cottage created a formidable open format that preserved the character options of the house, whereas offering modern-day luxuries.
The weatherboard home presents three bedrooms, together with an opulent foremost suite.
The dwelling zone mixed dwelling and eating rooms with authentic open fireplaces.
That results in a exceptional kitchen full with an expansive concrete benchtop and stainless-steel home equipment.
A studio within the yard elevated the pliability for consumers.
Ms Winckle mentioned it’s a tightly-held location within the centre of Geelong
“The waterfront is actually on the finish of the road, town of Geelong is down the street. We’re on the doorstep of every little thing,” she mentioned.
“The house is immaculate, nothing must be achieved you’ve acquired two or three bedrooms, nevertheless you need to work it.
“You’ve acquired that unbelievable space on the again, you’ll be able to have it as a house workplace or a teenage retreat.”
A younger couple opened the bidding at $700,000 and competed towards two different events however however have been resigned to overlook out as profitable bidder handed $760,000.
Ms Winckle mentioned she’d now bought three neighbouring properties on the backside finish of Swanston St, the place younger first-time consumers proved to be foremost shopping for demographic.
“I feel as a result of these little cottages are smaller, so they’re extra inexpensive in internal metropolis areas,” she mentioned.
“Within the internal metropolis, you’re going to pay for a four-bedroom (home), most of them are $800,000s, $900,000s, so to get one thing within the $700,000s continues to be alternative to interrupt into the market in Geelong.”
South Geelong is a historically tightly-held market, with a median home worth $987,500, although it had breached $1m earlier this yr, based on PropTrack information.