Proprietor-builders rating mega outcome for Lara dwelling

76B Kees Rd, Lara, bought for $1,352,500 at public sale.

Proprietor builders of a four-bedroom home in central Lara will stroll away with a $350,000 promoting bonus as three bidders battled to safe the property.

The 2134sq m property at 76B Kees Rd that featured massive shedding able to storing eight vehicles below cowl proved to be a honey pot for patrons seeking to retailer a number of stuff.

Ray White Lara agent Maddison Modica mentioned 13 hopeful bidders had registered for the net public sale, although solely three had been energetic on Tuesday evening.

The property bought for $1,352,500, beating the reserve value by $372,500.

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“It was an enormous outcome, the distributors had been super-happy,” Ms Modica mentioned.

“It didn’t decelerate at any level, there wasn’t a delay in the beginning it went off immediately.”

76B Kees Rd, Lara, bought for $1,352,500 at public sale.

Ms Modica mentioned the massive property with a number of shedding was a uncommon providing in central Lara for individuals seeking to improve, or downsize.

“It was proprietor constructed, it was a shocking construct. I couldn’t fault a factor. It was fully up-spec,” she mentioned.

“Everyone seems to be searching for something over 1000sq m, everybody is de facto after a shed and a few land as of late.

76B Kees Rd, Lara, bought for $1,352,500 at public sale.

“Particularly people who find themselves of their 30s, there are lots of people wanting that sort of property.

“The patrons ended up being individuals who had been downsizing from Little River.”

Ms Modica mentioned most patrons had been Lara locals or from Geelong, with three Melbourne bidders additionally on-line.

Kees Rd was quick changing into central Lara as city growth spreads west.

76B Kees Rd, Lara, bought for $1,352,500 at public sale.

“It’s near the college, you’re out of the bumper to bumper site visitors that’s in the midst of Lara in the mean time, however you’re nonetheless near all the pieces.”

Ms Modica mentioned the property was auctioned with a $980,000 reserve value.

“I actually didn’t suppose it could go that far over, however I’m glad it did.

“It was actually distinctive. That’s why it was actually laborious for us to pinpoint an asking value as a result of there was nothing just like evaluate it to.

“The distributors had been fairly cheap listening to market suggestions nevertheless it actually shot up when it got here to bidding.”

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