Modern flip renos look for rags to riches fairytale ending
TWO amazing flips will test Geelong buyers’ appetite for fast-tracked renovations when they go to auction on Saturday.
One is a brick veneer house at 18 Lupton St, Geelong West, which has been transformed with a modern makeover in the past six months.
Gone are the 1970s orange and brown bricks and linoleum floors, replaced with polished floorboards and on-trend white and grey tones.
The property sold last July for $691,000 but price hopes this weekend are $880,000 to $950,000.
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Hodges, Geelong West agent Carl Hammond will take the property to auction on Saturday at noon.
The conversion of a single garage has added a studio or fourth bedroom to the former three-bedroom house.
Several internal walls have also been removed to create an open-plan kitchen, meals and living area which opens onto a north-facing deck at the rear.
Luxury touches include Smeg appliances and stone benchtops in the kitchen and a wine cellar with racks for 160 bottles.
Across town McGrath, Geelong agent Mergim Ibrahimi is expecting big competition for a meticulous renovation at 35 Rotherham St, Belmont.
Bought in 2012 for $290,000, Mr Ibrahimi said the owners used their building talents and trade contacts to rework the floorplan and extend the 1950s weatherboard.
“We have people wanting to move down this way from Melbourne,” he said.
“A lot of people who were thinking of doing a renovation on their homes and thought it would be better to buy this one.”
The Belmont property goes to auction at 10.30am on Saturday with price hopes of $650,000-$690,000.