The house at 115 Prospect Street proved to be fairly the prospect at public sale on Saturday.
About 70 onlookers watched as three bidders made a play for the 1914 Californian bungalow.
The property, set on a 756sq m allotment, was listed with value expectations of $1.55m.
In the long run, it was a battle of the customer’s brokers, with Geelong’s Tony Slack buying and selling a bunch of bidding blows with Melbourne’s Christa Batt.
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Ms Batt emerged the victor, successful the keys to the five-bedroom dwelling with a $1.78m bid.
She stated the patrons have been from Victoria however at the moment dwelling abroad.
“They’re going to revive the property again to its former glory,” Ms Batt stated.
“We’re all very excited and proud of the acquisition of a property in top-of-the-line streets in Newtown.”
Buxton, Newtown auctioneer Tom Butters stated the property’s reserve value was $1.5m.
He stated the house had been held by the identical household for greater than 40 years.
“There have been 4 within the crowd that didn’t even get an opportunity to place their palms up,” Mr Butters stated.
“It’s an honour to symbolize houses like these.
“You solely have to have a look at the homes round to know the worth on this avenue.”
The massive household dwelling has a examine/workplace, two loos, a sunroom and an upstairs retreat.
It gives rear lane entry to the double storage and established gardens.
The situation is strolling distance to colleges, Pakington Avenue and the Barwon River.