Demand from consumers making a beeline to the Bellarine Peninsula drove competitors for a Clifton Spring property that bought $210,000 over reserve.
Six bidders contested the 1221sq m package deal at 13 Lacoora Avenue for the prospect to lock within the final residence on the street with two frontages.
Hodges, Geelong West agent Jeff Begg stated consumers from the Mornington Peninsula paid $910,000 for the three-bedroom, two-bathroom brick home.
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He stated the 77m-long block held large enchantment as a result of it was the one one in Lacoora Avenue that retained rear entry to Barrands Lane.
Patrons noticed an opportunity so as to add worth to the central location, shut to varsities and the bay.
“It had been in the identical household for over 40 years, they constructed the home,” Mr Begg stated.
“Comparable gross sales had been across the mid-$600,000s nevertheless it bought for $910,000 … as a result of folks noticed worth within the block.
“The consumers are a household from Mount Martha who’ve mates that reside in Drysdale and are landbanking after which shifting throughout.”
He stated the present energy of the Bellarine Peninsula’s property market helped push the sale means above expectation.
The home presents a proper lounge and eating room, informal household room, up to date central kitchen and an ensuite rest room to the principle bed room.
There’s additionally an out of doors leisure space, garaging for 5 automobiles, plus further off-street parking for caravans and boats.
Clifton Springs’ median home value rose 8.5 per cent to $535,000 over the previous 12 months, in accordance with Hometrack information.