Locals win prized Western Beach home as city, interstate buyers circle
A prized Western Beach home sparked interest from Melbourne and interstate, but local knowledge secured the $2.38 million price tag.
The luxury waterfront home sold at auction where McGrath, Geelong selling agent Jim Cross said four bidders contested the property at 12B Western Beach Rd.
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Mr Cross said bidding opened at $1.8 million for the award-winning three-bedroom terrace-style house.
He said six were keen to secure the home moments from Deakin University, the train station and CBD, though several missed the chance to raise a hand as the price eclipsed their budgets.
It’s the most expensive sale on the street in nearly three years and comes off the heals of a neighbouring heritage terrace at number 12 which sold for $1.19 million last October.
Mr Cross said much of the out-of-town interest was from buyers seeking a waterside holiday spot or professionals relocating to Corio Bay, but a family that’s lived in Geelong West for a quarter of a century came through with the winning bid.
Mr Cross said even though Melbourne and interstate interests often came with deep pockets, the sale shows that locals were prepared to match the level of interest for the rare chance to buy on the waterfront.
“This meticulously presented home won custom built house of the year in Victoria when it was constructed 15 years ago,” he said.
“Local buyers have accepted that our market has changed and are very happy to match the market.”