Geelong West’s unit market once more confirmed why it is without doubt one of the metropolis’s hottest property bets proper now after a well renovated two-bedder delivered a $50,000 bonus.
On-trend styling helped land a purchaser for two/125 Autumn St, Geelong West, in a whirlwind marketing campaign that lasted lower than every week.
Maxwell Collins, Geelong agent Duncan Skene mentioned a number of consumers put ahead presents for the 245sq m property, which offered for $740,500.
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“We had a lot of curiosity and opened it as soon as after which confirmed somebody by way of on the Tuesday they usually put in a proposal that day,” Mr Skene mentioned.
“Everybody else obtained a chance and there have been numerous presents.”
Fairly pink hues provides a splash of color to the up to date unit, which options polished concrete flooring within the open-plan dwelling space, a contemporary kitchen and toilet with a freestanding tub.
The rear unit additionally has a decent-sized garden within the yard and a single storage, though the walkability ranking is excessive with Pakington St across the nook.
Mr Skene mentioned the renovation and placement attracted the consumers, who plan to make use of it as a base when visiting their grandchildren.
“The seller has completed an amazing job with the styling and the color scheme as properly, with the pink door and pots, in actual fact she threw them in,” he mentioned.
Unit values surged 44 per cent in Geelong West within the 12 months to September, making it one of many strongest performing unit markets in regional Australia, in keeping with PropTrack’s Regional Australia Report.
The median unit value now sits at $611,250, a value level that makes it enticing to each first-home consumers looking for a life-style suburb and downsizers.
Neighbouring Newtown additionally ranked within the high 10 suburbs for unit development after median values jumped 40 per cent to $598,500.