Entry-level Belmont house proves affordable first step for newlyweds
YOUNG newlyweds have topped off a whirlwind few months with the purchase of their first home after a Belmont auction.
The pair combined the stress of wedding planning with house hunting in a bid to break free from the rental cycle.
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Hayeswinckle, East Geelong agent Stacey Billerwell-Hayes said they paid for $390,000 to take 77 Apex Ave, Belmont off the market in post-auction negotiations on Saturday.
The pair was the only party to put its hand up for the three-bedroom brick house on a corner block opposite McDonald Reserve.
Auctioneer Michelle Winckle passed the property in on their lone bid of $340,000.
“They just got married in the last few months and they bought their first house so there has been a lot going on for them,” Ms Billerwell-Hayes said.
“They are a young couple and they are looking to potentially renovate and go up.
“They relocated here a little while ago and they have been renting.”
The house, on a 375sq m block not far from Belmont High School, had been a rental property for some time so also attracted interest from investors.
It has good bones, with polished timber floors throughout the bedrooms, the large loungeroom and open-plan kitchen/meals area.
Belmont’s median house price is $531,000, according to CoreLogic.