Five buyers competed for the keys to this original Geelong West house.
Five buyers scrambled to snap up a post-war brick veneer house in Geelong West which sold quickly for $87,000 above expectation.
Melburnians hoping to purchase 23 Anglesea Terrace sight unseen drove competition for the original three-bedroom home but it was a Geelong couple moving into the same street as one of set of parents that won the keys.
They paid $707,000 for the 570sq m property, which was offered for the first time in more than 30 years.
RELATED:
Darryn Lyons’ funky childhood home sells
Geelong friends by first homes next door to each other
Hamlyn Heights’ house rebuilt after fire on the market
The sale was wrapped up weeks before the sale by set date campaign was due to finish as keen buyers rushed to inspect it.
It was listed with a price guide of $580,000-$620,000.
Barry Plant, Geelong agent Stan Buzza said the house was a blank canvas that sparked phenomenal interest.
The loungeroom faces the street.
The kitchen is due for an update.
He said a young couple looking to relocate from Yarraville were among those vying for the chance to move into the house.
“We had 51 inspections in five days and there were five contract offers so it was highly competitive,” Mr Buzza said.
“I think the development potential, it was a canvas that you could work with. It was quite original but it didn’t need a great amount of work.
It’s all about blue in the bathroom.
“The competition was driven really hard by a few from Melbourne that had not seen it but it was Geelong buyers that bought it.
“They’re moving in — their mum and dad live in the street.”
Mr Buzza said he had already sold another property off market to someone who missed out on 23 Anglesea Tce.
The house has an open-plan kitchen and dining room and separate loungeroom, plus side access to a carport and garage.
It’s walking distance from Pakington Street, Geelong train station and the waterfront.
The post Five-way battle nets extra $87K for Geelong West vendors appeared first on realestate.com.au.