Leopold renovation tasks give first-home consumers market entry

First-home consumers drove curiosity in 51 Darrambal Cres, Leopold.

First-home consumers have put their hand as much as tackle two entry-level renovation tasks in Leopold.

Sub-$500,000 value tags drove competitors for the three-bedroom homes on totally different sides of the Bellarine Freeway.

Each attracted 4 bidders and bought above expectation to first-time proprietor occupiers who plan on making main enhancements.

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First-home purchaser Eve Alexiadis (left) is planning a renovation in Leopold.

Hayeswinckle, East Geelong agent Yan Lin mentioned 51 Darrambal Cres, Leopold bought for $500,000, beating value hopes of $395,0000 to $425,000.

She mentioned the worth mirrored the state of the timber home on a 704sq m nook block.

“It wants loads of work,” Ms Lin mentioned.

“The client was from Ocean Grove, her mother and father helped her to purchase it. I believe the mother and father have a building background.”

There’s a timber theme inside 51 Darrambal Cres, Leopold.

The kitchen and eating room.

Earlier within the day, a three-bedroom brick home at 57 Allambie St, Leopold bought for $505,000, $35,000 above reserve.

Barry Plant, Leopold agent Deane Hughes mentioned two of the 4 bidders, together with the eventual purchaser, had been attempting to get into the marketplace for the primary time.

The unique residence comes with a kitchen straight out of the Seventies and an enormous yard that paves the way in which a future extension.

57 Allambie St, Leopold additionally bought underneath the hammer.

The kitchen’s due for an replace.

“We had about 45 teams via the marketing campaign over the three weeks,” Mr Hughes mentioned.

“It was fashionable with first-home consumers.

“It’s only a very nice spot.”

The 656sq m property is strolling distance to the Ash Rd retailers and a brief drive from Gateway Plaza.

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