Geelong couple snag spacious Belmont period home in two-horse auction race
A young Geelong couple bursting with excitement snapped up the keys to an updated period home in one of Belmont’s best pockets in front of a 150-strong crowd.
Surrounded by small army of smiling supporters, the pair paid $812,000 for the four-bedroom home at 13 South St on Saturday.
Currently living only a few streets away, the local residents jumped at the opportunity to “upsize”, and plan to use their new purchase as a family home and enjoy the 863sq m of space on offer.
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Buxton auctioneer, Tony Moorfoot declared “Belmont prices are going north” before opening proceedings in front of the huge crowd, and it took just seconds for the first bid of $750,000 to land.
From there, the bids came through thick and fast as the price climbed to $812,000, smashing the reserve of $760,000.
Prior to auction Mr Moorfoot said 130 groups had been through the property throughout the campaign, and that there were multiple people ready to bid.
“It turned into a two-horse race after the big opening bid of $750,000 wiped a few out,” Mr Moorfoot said after the auction.
“They (the new owners) are a lovely young couple who live around the corner and are upsizing for family reasons and making the most of the big block.”
The house has a sunny and modern open-plan kitchen, dining and living zone and stylish bathroom with floor-to-ceiling subway tiles, ball and claw foot bath and skylight.
Outside, there’s a covered entertainment area with built-in barbecue and bar, sandpit and cubby, as well as a games room with built-in bar.
The location is close to Highton Village and High St shops, schools, public transport and the Barwon River.