Buyers living around the corner have snapped up a renovated period home after checking out the inner city residence the two previous occasions it had sold.
The home at 57 Lawton Ave, Geelong West, sold for $1.25m as the buyers, considered whether to renovate their own home, one street over, or to upgrade.
Gartland, Geelong agent Will Ainsworth said there had been good interest in the property, but not at the level the buyers were prepared to pay, so the home was sold prior to auction.
“It sold to a young family who live in the street over from this one,” Mr Ainsworth said.
“They have a similar sized property and were deliberating whether to renovate or move and they ha seen this one each time it had been sold.
“I think this is the third time we’ve sold it and it’s piqued their interest each time. This time they saw it and took the opportunity and grabbed it.”
The house is about 500m from Pakington St and presents as an original, ornate Victorian to the tree-lined streets.
Inside, blackbutt timber floors and original brick features are showcased with a striking raked ceiling in the open-plan living, dining and kitchen zone.
It was listed with $1.15m to $1.25m price hopes.
“It’s a beautiful home. It was renovated about 10 years ago but it feels like it was done last year,” he said.
Mr Ainsworth said the only downside to the property was a lack of off-street parking.
“We had groups of 20 and 15 through open homes and everyone said they would have loved to have bought it if it had off-street parking,” he said.
“They would have paid another $150,000 as well.
“It does hinder the sale price because it does hinder the level of interest and it’s always sold in the past two times a little bit lower for that reason.”
But he said the Lawton Ave position, considered to be Geelong West’s most blue chip street, made up for that.
“Not one person comes through and says they don’t like the streets.
“With the wide tree-lined streets I think that Lawton Ave, with the lack of off-street parking, that you can get away with it because there is a lot room for parking on the street.”
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