McGrath Geelong auctioneer David Cortous auctions 8A View St, Belmont. Picture: Glenn Ferguson
Five buyers contesting a new three-bedroom townhouse in Belmont’s riverside precinct have pushed the sale price well above expectations.
The quintet, including two parties bidding online, contested the residence at 8A View Street, which sold for $840,000.
The property, which is newly built, was listed with $750,000 to $795,000 price hopes.
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8A View St, Belmont.
McGrath, Geelong agent Jim Cross said bidding started at $750,000.
“It was a hotly contested auction,” he said.
“There was two online bidders that registered to bid online and one of those from Melbourne and one was from down the coast.
“The other bidders that were at the auction were all local buyers.”
8A View St, Belmont.
Mr Cross said despite the high sale price, the buyers were attracted to the better value for money properties available on the south side of the Barwon River.
“I think the attraction of the property was that river end of Belmont now has become increasingly popular as a fringe suburb outside of Newtown and Geelong West,” he said.
“Those areas are starting to price themselves out of the market for some buyers and people are seeing really good value in that river end of Belmont.
A section of the crowd at the auction of 8A View St, Belmont. Picture: Glenn Ferguson
“It is such a great location, it’s still close to the CBD. And a nice, quiet area.”
Mr Cross said the local buyers were looking to downsize.
The two-storey residence offers views over the Barwon River and Geelong city skyline, best enjoyed from a first floor sitting room.
8A View St, Belmont.
But there was plenty more to rave about, including the large, open-plan kitchen, dining and living area links to the north-facing deck, landscaped backyard and heated plunge pool
Two large bedrooms, with built-in wardrobes, a central bathroom and separate laundry are downstairs.
Extra elements of luxe include double glazed windows, ducted heating and airconditioning.
And, there’s a workshop/storage area in the garage that could be altered to make a double.
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