Location drives Belmont residence $122K over reserve

18 Torquay Rd, Belmont, offered for $752,000 at public sale.

Consumers eager on the central Belmont location drove a giant worth for a three-bedroom weatherboard residence.

The 655sq m property at 18 Torquay Rd offered for $752,000 at Saturday’s on-line public sale.

Ray White, Highton agent George Politis mentioned the outcome was $122,000 over the reserve worth.

The public sale generated 12 teams to register to bid, with eight collaborating within the bidding course of.

RELATED: Younger purchaser stretches to safe first residence in Belmont

Geelong gross sales outcomes: Sturdy weekend as on-site auctions return

Unique Geelong West residence beats hopes by virtually $300K

In the end, the native patrons who secured the property need to set up an allied well being observe, Mr Politis mentioned.

The underbidders have been eager on the positioning’s growth prospects, he mentioned.

18 Torquay Rd, Belmont, offered for $752,000 at public sale.

“They’re an area Belmont couple, they missed out on a few different websites just lately, in order that’s what drove them up,” Mr Politis mentioned

“The underbidders have been taking a look at it as a growth website for his wants. With the rear entry that’s a large bonus (for each patrons).”

Mr Politis mentioned there’s sturdy competitors for properties for use for well being or medical practices.

18 Torquay Rd, Belmont, offered for $752,000 at public sale.

“I’ve had a few patrons who’ve been searching for that form of enterprise website,” he mentioned

“I had one in Mt Nice Rd not way back and I had these guys and one other one down on Barrabool Rd.”

The outcome leaves a big variety of homebuyers nonetheless out there.

The renovated three-beroom home is ideally positioned near the highest finish of the Excessive St purchasing strip.

18 Torquay Rd, Belmont, offered for $752,000 at public sale.

“We in all probability had about eight that have been from Melbourne, they have been searching for that transfer right down to the coast.”

The lovable blue cottage has unique polished floorboards, ornate cornices, an unique mantel and distinctive doorways are from a bygone period that add a sure character to the residence, complementing the upgrades within the kitchen, loos and the laundry.

Source link