13 Churchill Ave, Newtown was offered to market for the first time in 52 years.
An affordable Newtown house offered for the first time in more than half a century attracted five bidders chasing an entry point into the blue chip suburb.
In an emotional day for the long-time owners, the three-bedroom house at 13 Churchill Avenue beat price hopes to sell for $445,000 in an online auction.
Maxwell Collins agent Shaun Carroll said the two-storey brick house on 360sq m block with rear lane access sparked a flurry of interest from Geelong and Melbourne.
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The interior is ripe for a renovation.
He said first-home buyers, tradies and investors were among the 12 people who registered to bid on Saturday.
“It is affordable but it needed a full renovation and the price reflected that,” Mr Carroll said.
“We had a lot inquiry from Melbourne … people wanted to look at it because of its price, once they had a look they started to realised the work it needed.
“That was at the start of restrictions, once stage 4 came in they all stopped coming down.”
The kitchen is functional.
The bathroom.
He said a young Torquay couple was the highest bidder and planned to renovate the house and rent it out.
“It was a family home for 52 years so it was an emotional day,” he said.
The simple floorplan has a loungeroom, kitchen, bathroom and laundry on the ground floor and three bedrooms upstairs.
The backyard is a blank canvas.
The property, which also offers a single garage, carport and shedding, is within walking distance to a selection of private schools.
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