22 Riverview Terrace, Belmont, has sold for $1.26 million.
A riverside pocket in Belmont has proved hot property with a quick sale setting a street price record.
Six potential buyers had emerged days in to the campaign to sell the renovated four-bedroom house at 22 Riverview Terrace.
The 560sq m property was scheduled to be auctioned in October, but McGrath, Geelong agent David Cortous was forced to bring the sale forward due to the huge amount of interest.
RELATED: Geelong West house beats price hopes by $100K
History repeats as family pounces on heritage home
Single mum’s reno sets street price record
22 Riverview Terrace, Belmont, has sold for $1.26 million.
Mr Cortous said two buyers from Melbourne, who had were unable to inspect the property due to the stage four lockdown in the capital, drove the early running for the two-storey house 250m from the Barwon River bank.
But a Geelong family’s bid of $1.26 million proved the strongest.
The sale price was $60,000 above the top end of the quoted $1.1m to $1.2m price range.
The kitchen has stone benches and double Siemens ovens.
“The house is beautiful — a great floorplan and it was executed beautifully and it obviously had the location,” Mr Cortous said.
“Riverview Terrace is the premium street of Belmont and it right near the river there. The house had been beautifully rebuilt and saw a record price.”
The open-plan living area offers a large indoor-outdoor family space and the kitchen has stone benchtops, double Siemens ovens and a butler’s pantry with floor to ceiling cabinetry.
The main bedroom has a private balcony overlooking the backyard.
The main bedroom upstairs has a private balcony, ensuite and sitting room or home office.
It’s the fourth house in Riverview Terrace to sell for more than $1 million and Belmont’s second million-dollar sale in 2020.
Earlier, vendors who had spent to two years renovating a 1920s residence at 113 Roslyn Rd sold for $1.18 million.
22 Riverview Terrace, Belmont, has sold for $1.26 million.
The house, which occupies a 830sq m corner block at Cambridge St, sold in July.
Belmont’s median house price has climbed 9.2 per cent in the past 12 months to $580,000, Hometrack data shows.
MORE NEWS: Why buyers are chasing these Geelong hot spots
Buyers pounce on Belmont house in a week
Darryn Lyons’ quirky childhood home sells
The post Belmont: Riverside house beats price hopes by $60K as six bidders swoop before auction appeared first on realestate.com.au.