Potential of central Lara property doesn’t go unnoticed on auction day


- Advertisement -

Buyers could see potential written all over 39 McClelland Ave, Lara.

FIVE bidders who saw potential in a central Lara property pushed up the sale price at auction on Saturday.

The two-bedroom house on a 717sq m block at 39 McClelland Ave sold under the hammer for $345,000.

The cosy loungeroom.

Melbourne investor sees value in rising attraction of Thomson

Geelong Barry Plant agent Chari Emirzade’s battle to the top

Price expectations for the entry-level property had been $280,000 to $305,000.

Barry Plant, Geelong agent John Zannetos said the buyers were investors who planned to make a few improvements and rent out the property.

“It was the potential and price point that attracted first-home buyers, owner occupiers and investors,” Mr Zannetos said.

The house was originally designed with three bedrooms and could easily be converted back to this configuration.

It has a open-plan kitchen/meals area adjoining a cosy separate loungeroom.

The property represents bargain buying, with Lara’s median house price sitting at $516,500, according to CoreLogic.

Leave A Reply

Your email address will not be published.