Patrons pay $130K premium for high quality renovation in Belmont

50 Dorothy Ave, Belmont bought for $1.13 million at public sale.

A top quality renovation near Excessive St drove the large value for a Belmont household residence that bought $130,000 over reserve.

Melbourne patrons relocating to Geelong paid $1.13 million for the keys to 50 Dorothy Ave earlier than a big crowd at Saturday’s public sale.

Barry Plant, Highton agent Matthew Constantine stated the reserve was set at $1 million however the two bidders have been ready to pay a premium to safe the fantastically executed renovation that created a four-bedroom home with two dwelling areas.

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Barry Plant, Highton auctioneer Matthew Constantine appears to be like to knock the property down.

After a sluggish begin and an preliminary vendor bid of $850,000, the potential patrons traded quick-fire bids to wrap up the sale.

Mr Constantine stated there was robust demand for good sized household houses in Belmont and the standard of this double storey providing stood out.

“The suggestions we’ve got had from individuals coming by way of it was it’s onerous to fault,” he stated.

“It’s dimension and it’s obtained an enormous lovely backyard, you possibly can stroll on the market and also you’ve obtained a gate by way of to that reserve, for that further yard that you just don’t should mow.”

The eating space overlooks the lounge and yard past.

The kitchen has chrome steel home equipment and a butler’s pantry.

There’s room for the children to play outdoors.

A rear open-plan dwelling zone with a modern new kitchen and polished timber floorboards is a spotlight of the renovation that additionally contains two fashionable loos and a second loungeroom.

The 595sq m block with a double storage backs onto Oberon Main Faculty and is a brief stroll from the Excessive St procuring strip.

“The truth that it was a transfer in with nothing to do and that it was so shut the colleges and so near Excessive St was an enormous attraction,” Mr Constantine stated.

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