20 Jinjella Road, Highton.
A five-bedroom house so well built a building inspector described it as a bomb shelter has sold for more than $100,00 over its reserve price.
The solid double brick house is built on a suspended concrete slab at 20 Jinjella Rd, Highton.
Six bidders contested Saturday’s online auction where the property sold for $884,000.
Barry Plant, Highton agent Kieron Hunter said the price rose $179,000 in 13 minutes as bidders jostled for the keys.
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The reserve price for the house, selling for the first time, was $770,000, Mr Hunter said.
“It was double brick, extended slab, so lots of concrete. Just really well built – you could not fault it,” he said.
“It had a bit of a view as well because it was one street back from Barwon Boulevard above the river.”
The house offered elevated views across the Barwon River valley at Highton.
Mr Hunter said a couple living in the south of Highton was excited to get to keys.
“They’ve looked at countless properties before and really got involved in this one because of the position and it is really well built.
“They thought they can make improvements to it without doing anything structural, so they’re pretty excited about it.”
Geelong buyers advocate Tony Slack, who acted for the buyers, said he thought the property’s true value lay in the mid-$800,000 range, given the scarcity in that location and the quality of the build.
20 Jinjella Road, Highton.
“My building inspector, who I have used for years, referred to it as a bomb shelter,” Mr Slack said.
“It’s stood the test of time.”
Mr Slack said the buyers were upgrading and could easily stay in this property for the next 10 to 15 years, or more.
“They can move in and live comfortably from day one and over time only add value.
“You don’t see that often.”
278 Scenic Road, Highton, sold for $901,500.
The 750sq m property had been slated for public auction on Saturday, before Stage 3 coronavirus restrictions were reintroduced last week.
Meanwhile a one-bedroom unit ideal for a teenager’s retreat has swayed the buyers of a Modernist home to look beyond Newtown and Manifold Heights.
The buyers paid $901,500 for the five-bedroom residence at 278 Scenic Rd, Highton at an online auction.
278 Scenic Road, Highton.
Mr Hunter said the buyers would have ignored the address, if not for the unit on the 1043sq m block.
“They really wanted to be on that side of the river but this one came up and one of the reasons they bought it was the one bedroom unit out the back — because they’ve got a teenage kid” he said.
“They said if that wasn’t their they wouldn’t have looked at it.”
278 Scenic Road, Highton.
Four bidders contested the auction, which started at $800,000.
The property was on the market at $865,000.
Mr Hunter said the buyers also hoped to convert one of the home’s double garages to a second living area, leaving three covered car spaces on the corner block in the suburb’s Queens Park precinct.
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