Consumers jostle for untouched East Geelong character dwelling

Fiver bidders made a play for 8 Loch St, East Geelong at Saturday’s public sale.

5 bidders lined up for the prospect to get their fingers on an untouched East Geelong dwelling ripe for a significant facelift.

The 2-bedroom, one-bathroom home at 8 Loch St offered beneath the hammer for $745,000.

Hayeswinckle, East Geelong agent Yan Lin mentioned the outcome was nicely above the $650,000 reserve, regardless of the work wanted.

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Hayeswinckle auctioneer Matthew Roberts mentioned such untouched houses have been laborious to search out in East Geelong.

She mentioned a lot of the competitors got here from first-home consumers in search of an entry level into East Geelong, but it surely was an investor who received the day.

“They simply inspected final Thursday, they simply offered they usually needed to purchase one other challenge,” Ms Lin mentioned.

She mentioned the customer’s husband was an architect who had some nice concepts about the best way to renovate the unique bones.

The home has seen higher days.

The kitchen is fairly fundamental.

Excessive ceilings, hardwood flooring and ornamental options are all retained however are in want of some TLC.

The property additionally has the advantage of rear lane entry to a single storage.

Bidding opened at $630,000 with the primary couple to make a play for the home pushing the eventual purchaser to the suitable finish.

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