East Geelong has again proved a beacon for professionals with a doctor, lawyer and dentist contesting the auction of a renovated character home that sold for $90,000 above reserve.
The local lawyer outlasted the competition to buy the four-bedroom house at 1 Darling Street for $892,000.
It’s the highest price ever recorded in the street, eclipsing the previous top sale by $40,000, CoreLogic records show.
Four bids seal South Geelong sale
McGrath, Geelong agent David Cortous said bidding moved quickly past the $800,000 reserve price at Saturday’s auction.
He said the trio of bidders were all attracted to the low-maintenance lifestyle on offer.
“There was a doctor, a lawyer and a dentist, you could not have written a better script and the local lawyer bought it,” Mr Cortous said.
“The house was basically rebuilt eight years ago and it was just beautifully presented, well-built home with nothing to do.”
A rear open-plan living zone was the centrepiece of the renovation and includes a quality kitchen with Caesarstone benchtops and European appliances.
It provides easy access to a covered deck and compact landscaped backyard.
Mr Cortous said the confident bidding was a great sign for real estate in Geelong.
“There is certainly plenty of depth in the market, even without the Melbourne buyers,” he said.
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