An authentic Torquay seashore home will reside to see one other day after a Geelong household outbid three builders for the property, which beat value hopes by $300,000.
The three-bedroom, one-bathroom home, at 23 Central Avenue, bought for $1.4m at public sale on Saturday.
A major location 400m from Fishermans Seaside drove competitors from patrons wanting so as to add worth to the 613sq m block.
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There was potential to construct two townhouses side-by-side, topic to council approval.
However Barry Plant, Leopold agent Deane Hughes mentioned the brand new house owners wished to maintain the home as a part-time vacation base and chip away at doing it up.
He mentioned the property was anticipated to fetch $1m-$1.1m however shortly rose past comparable current gross sales within the space.
“There was solely 9 bids however they had been $50,000 bids,” Mr Hughes mentioned.
“It began at $1m and went as much as $1.4m.
“The patrons reside in Geelong and for them it was simply the situation, being 400m to the seashore and just a little little bit of a pastime to start out engaged on.”
The home affords two giant dwelling areas, one with a wooden heater, a separate kitchen/meals space and a research.
A double storage within the yard comes with a second bathroom and workshop house.
The brand new house owners will be capable of go away the automobile at house and stroll to close by Taylor Park and the primary Torquay purchasing space.