The prime location of a renovated home in Geelong West proved the motivating consider a post-auction sale.
The five-bedroom residence at 9 Wellington St offered for $1.275m on Saturday, regardless of being handed in on a sole $1.24m vendor bid.
However Hodges, Geelong West agent Jeff Begg mentioned the public sale drew a household to the property who had been eager to barter.
The property was supplied with $1.25m value hopes.
“We ended up getting $25,000 above expectation – it was an excellent consequence and a testomony that the public sale course of can ship one of the best consequence for the sellers,” he mentioned.
Public sale volumes have been waning in Geelong this winter because the market cools.
Whereas clearance charges are softening as purchaser demand slows, extra properties have offered because of public sale campaigns in Geelong this winter than have been handed in or withdrawn.
“It definitely places a timeframe on the customer to decide by,” he mentioned.
“The wonder in regards to the public sale course of for the vendor is that if a purchaser needs to purchase a home they should have all their geese in a row and their affairs organised by the marketed date.”
The flip of the twentieth century Victorian home was amongst 4 out of 5 properties in Geelong West to promote final week. All had been listed for public sale.
“Geelong West remains to be performing very sturdy – we’d not have as many bidders however the outcomes we’re attaining are nonetheless as sturdy as anticipated,” Mr Begg mentioned.
The patrons, relocating from East Gippsland for work, needed to be near the waterfront, he mentioned
“As we all know after we purchase nice actual property, it’s all about location.
“On the finish of the road is the Woolworths purchasing centre.
“You would possibly even benefit from the life-style of the Pakington St cafes and purchasing hub that’s solely a few minutes’ stroll up on the of the road.”
The prepare station, CBD and waterfront had been a ten minute stroll through a pedestrian overpass, he mentioned.
The home occupied a 536sq m block, providing 5 bedrooms, three bogs and a yard pool.