First-time buyer snaps up gorgeous reno in East Geelong
A FIRST-home buyer is the beneficiary of a gorgeous renovation to a three-bedroom cottage on the fringe of the city.
The woman secured the weatherboard house at 27 Richmond St, East Geelong, for $655,000 in negotiations after Saturday’s auction.
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Buxton, Newtown agent Tom Butters said the buyer the buyer was the sold bidder for the house, within sight of Richmond Oval, after starting the auction with a $600,000 offer.
“She’s from out of town but has been living in Geelong for quite some time,” Mr Butters said.
“It’s her first home.”
Mr Butters said another buyer, who was hoping to purchase the property subject to finance, was nervously awaiting the outcome of the auction in a nearby cafe.
What was up for grabs was a gorgeous renovation to the three-bedroom house on a 333sq m property, which last sold in 2015 for $387,000.
“We say pretty as a picture way too much, but that is as pretty as a picture, it’s simply gorgeous,” Mr Butter said.
“Everything is done and done beautifully throughout. We’ve had building inspections and it’s been meticulously finished.”
The renovation improved on the period details like polished floorboards and high ceilings with a light-filled kitchen featuring stainless steel appliances and an integrated dishwasher.
The bathroom was also renovated, while the rear living area was enhanced with french doors opening to the north-facing backyard.
Mr Butters said he’d handed out seven contracts during the campaign to sell the property, which was close to the CBD and walking distance to South Geelong train station and GMHBA Stadium.
East Geelong’s median house price has climbed 44 per cent in three years to $637,000, according to CoreLogic figures.