Barry Plant, Highton agent Matthew Hunt with the new owner of 62 Oberon Drive, Belmont.
A young chippy is hoping to transform an unliveable Belmont house after beating 16 registered bidders for the keys to the renovator’s delight.
Five active bidders drove up the price of the three-bedroom house at 62 Oberon Drive, which sold for $425,000 at Saturday’s online auction.
Barry Plant, Highton agent Matthew Hunt said the entry-level property was on the market within two minutes, with strong competition helping it eclipse its reserve by $40,000.
This Belmont property is ripe for a renovation.
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“It is a full renovator’s delight, it’s not really liveable,” Mr Hunt said.
“A young chippy has bought it and is going to resurrect it.
“He had been looking for something he could add some value to and he’s aware of the challenges that’s needed to fix it but I think someone like him could add value to it.”
The house, described as needing “more than a little TLC” offers two living areas, three bedrooms and two bathrooms on a 663sq m north-facing block.
There’s scope to add value in this affordable pocket of Belmont.
Mr Hunt said 70 groups inspected it during the campaign, with all but two of the registered bidders hailing from Geelong.
He said Oberon Drive was in an affordable part of Belmont that had become increasingly attractive to buyers.
“Probably the major drawcard is Belmont High, it’s now in that catchment,” he said.
“We are really starting to see values in that pocket rise.”
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