Families happy to trade Newcomb house as four bidder vie at auction
THE tradition of raising families set down at a Newcomb house since the 1960s will continue after it was traded to first-home buyers at the weekend.
The vendor selling up at 28 Glover St on Saturday was raised in the three-bedroom house built by their father in the 1960s.
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Hayeswinckle, East Geelong agent Tiffany Simpson said it was an emotional end to the auction when the owners signed contracts with the buyers who intend to make the property their family home.
Four bidders contested the 725sq m property close to the suburb’s Watsons Rd shops, including another first-home buyer, an investor and a Geelong family seeking to upgrade to a larger property, Ms Simpson said.
“There was strong bidding from the opening bid and it passed the reserve and sold under the hammer for $500,000,” she said.
“It was lovely to sell it to a new family where they can bring up their family,” she said.
The sale equalled the price achieved next door at 26 Glover St in December, while a four-bedroom two storey house at 42 Glover St holds the street’s highest price from a $521,000 May, 2017 sale.
Newcomb’s median house price hit $452,000 in 2018, rising 55 per cent in three years months.