Highton downsizers make late play for Newtown unit and come out successful
THE desire for low maintenance living was the key attraction for Highton buyers that snapped up a two-bedroom unit in Newtown at auction.
The downsizers were late bidders to the auction but after letting two other parties compete for 2/4 Belfast St until it was called on the market at $550,000, they then decided to enter the fray and were successful, securing the unit for $562,000.
The buyer told the Geelong Advertiser he had been looking for about four weeks and was downsizing from Highton.
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“This is really light and airey in the living area and there is no garden,” he said.
McGrath, Geelong auctioneer David Cortous said this property was all about location, location, location.
“It is a showstopper of a property and this is where everyone wants to live with a baristas paradise close by,” Mr Cortous said.
Agent Ricky Forte said there had been several interested parties on the property because of its location and layout.
The unit has an open-plan kitchen, meals area and loungeroom, two bedrooms, and two bathrooms, this includes an ensuite to the main bedroom.
There is also a north-facing courtyard and a single garage with internal access.
The unit is positioned at the rear of a quiet and private complex and is a short walk to Pakington St.
The median unit price in Newtown has increased 1.8 per cent in the past year to $415,000, according to CoreLogic.