Investors, downsizers and first-home buyers were circling a Manifold Heights home at auction on Saturday.
A top location close to Geelong West, Newtown, the Barwon River and Geelong CBD drove the competition for the updated home at 2 Sydenham Ave.
Four bidders pushed the price of the 480sq m property to $830,000, with local buyers scoring the keys.
The three-bedroom home was listed with price hopes of $749,000 to $820,000.
Jason Orr was the winning bidder but he won’t be calling Manifold Heights home.
Mr Orr said he was bidding on behalf of friends who couldn’t make the auction.
“Their son is playing footy for the Geelong Falcons in Dandenong,” he said.
“It’s an investment, for their kids to move into possibly in the future.
“We’ve been looking right through Geelong West, and I live in West and do a lot of building there, but this is close enough.
“This is surrounded by Geelong West, Herne Hill and Newtown, it’s locked in.”
The first bid landed at $730,000 but bidding stalled when the price reached $810,000.
Gartland, Geelong auctioneer Tom Luxton looked set to pass the property in, before a new bidder fired things up again with a bid of $812,500.
Mr Luxton announced the property was on the market when the price reached $822,000.
He said more than 40 groups had inspected the home during the campaign.
“They were liking the entry point into the area of Manifold Heights and the north-facing backyard, Mr Luxton said.
“It has good off-street parking and is walking distance to Shannon Ave.”
Inside, the home has high ceilings, polished flooring and a light-filled living room.
The kitchen has a walk-in pantry and stainless-steel appliances, and looks over the meals area that links to the back deck.
The property has a potential rental return of $440-$460 per week.
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