An old weatherboard house has gone from dump to divine in a remarkable renovation that’s poised to more than double its value after just two years.
The three-bedroom bungalow at 9 Elizabeth Street last sold in 2018 for $520,000 as a tired character home that presented too much of a challenge for some potential buyers.
Whitford, Newtown director John Moran has listed the finished product for auction on January 30 with price hopes between $1.2m and $1.3m.
He said the Geelong couple took on the house as a project to flip, working tirelessly to rework the floorplan, including expanding with a pavilion-style extension to create a modern, open-plan living area and courtyard.
“That kitchen and living area is just spectacular — light fulled, north-facing and it’s got that raked ceiling,” he said.
“The bathrooms are really high end. It’s just quality all the way through — they don’t skimp on anything.
“As you walk through it’s really got that wow-factor.
“People in Geelong West in that million-dollar bracket, they’re looking for quality. This provides it in spades.”
The centre of the project is the fully kitted kitchen with a galley-style butler’s pantry incorporating top of the range appliances.
Polished concrete floors contrast the raked ceiling with clerestory windows drawing natural light from the north.
Glass sliding doors open to a north-facing courtyard for outdoor entertaining.
The owners also remodelled the original part of the house, creating a dressing room and ensuite to the main bathroom, a separate powder room and relocating a laundry.
Mr Moran said the owners have form, successfully flipping a house in Myers Street, East Geelong in 2018 before selling for $1.375m.
He said location was key in the selection criteria for a profitable flip.
“Properties in good locations with great potential,” he said.
“Both the properties they bought — the one in East Geelong and in Geelong West — were run down. They needed a lot of work, so probably scared a lot of other people off,” he said.
The home is diagonally opposite Geelong West’s Sparrow Park and is walking distance to shops at Pakington Street and Shannon Avenue.
The suburb has become a target for renovators transforming its old suburbs and other dwellings into modern residences.