Renters land Geelong West rebuild at scorching public sale

76 Elizabeth St, Geelong West.

Geelong West homebuyers who have been renting whereas surveying the property market have landed an unimaginable residence at public sale.

The four-bedroom residence is a interval California bungalow from the road, however behind the facade is a very new home.

4 bidders contested the property at 76 Elizabeth St, Geelong West, which bought for $1,477,500 at a web based public sale.

Value hopes for the property have been $1.35 million to $1.45 million.

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McGrath Geelong agent David Cortous stated the patrons outbid a neighborhood couple from Newtown.

“They lived simply down the street on Elizabeth St,” he stated.

“They’ve moved from Melbourne and have been renting in Geelong West — Elizabeth St. They cherished Geelong West and determined they’re staying.

The primary front room, kitchen and eating space.

What the unique kitchen appeared like in 2018.

“An excellent property, it had been finished very well and someone will get to stay in a model new home with a California bungalow facade.

“I believe that attraction one was the home, which was a wonderful residence that was appointed very well. And the opposite attraction was the situation.

“We’ve solely obtained one Pakington St in Geelong and if you wish to be close to it you wish to stay in Geelong West or Newtown.”

The residing space and essential bed room open to a rear veranda.

The again of the home in 2018.

“Something that’s strolling distance to Pakington St goes to be extremely wanted.

“Sparrow Park is simply down the street, in all probability once more one of many nicer parks in Geelong.”

The homeowners paid $585,500 for the home in a nasty state of disrepair in 2018 earlier than embarking on the rebuild.

The distributors – a builder and inside designer – took on the undertaking of reworking the empty shell through the first lockdown.

A two-person examine is a key characteristic for a 2021 home.

76 Elizabeth St, Geelong West.

It has three bedrooms, two residing areas, a big central kitchen and a two-person examine.

The seller has swept the house with a Scandinavian colour-scheme and magnificence in a want to create a “easy and homely really feel”.

The kitchen options mild, beech colored cabinetry and stone benchtops and overlooks a north-facing front room with a raked ceiling, polished concrete flooring and a hanging pink brick characteristic wall.

76 Elizabeth St, Geelong West.

76 Elizabeth St, Geelong West.

“I like earthy, pure tones and the pink brick wall provides a heat atmosphere to the residing house,” the seller advised the Advertiser.

Mr Cortous stated the house provided higher worth for patrons than securing an authentic home and renovating as constructing prices rose through the pandemic-induced constructing increase.

“As a result of persons are paying such huge {dollars} for unrenovated stuff and constructing has obtained dearer,” he stated.

76 Elizabeth St, Geelong West.

“All merchandise have gotten dearer for constructing. So construct prices are in all probability up 25 per cent on this time final 12 months.”

It was the fourth property in Geelong West to seek out new homeowners prior to now week, with a close-by authentic Victorian period residence available on the market for the primary time in 60 years at 85 Clarence St promoting for $870,000 previous to public sale.

A clinker brick home at 147 Church St was snapped up for $820,000, whereas a California bungalow at 98 Gertrude St bought for $925,000.

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