Two bidders A remarkable result as Blue Chip Home sells at an auction – realestate.com.au

A swimming pool and spa that still leaves a lot of garden space was the center of the attraction of a renovated character house in a Blue chip Newtown position.

The spacious house with four bedrooms on 87 FairView Ave, Newtown, sold for $ 1.79 million after the two parties were created at an auction for the 692m² corner ownership.

The result was almost halfway through the expectations of $ 1.75 million to $ 1.85 million for the home that was last sold in 2011.

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Whitford Newtown agent John Moran said that the Under The Hammer Sale shows that things are looking for the suburb with the largest number of higher properties in Geelong.

“It is picking up what is good. It has been a few years,” said Moran.

“To sell with competitive bids in that price range, it appears that things improve.”

Bid was opened for $ 1.65 million for the property that was last sold for $ 815,000 after the renovation.

“It was clearly a large block with the swimming pool and the spa and still a lot backyard,” said Mr. Moran.

The house retains character elements such as wood fretwork.

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The most important open living room combined dining, lounge and kitchen zones, with high windows, a wooden stove and steps to a balcony.

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“It was a large family home with four bedrooms and study, two bathrooms and a few living spaces.”

A local buyer landed the house and hit a hopeful bidder from Melbourne, he said.

The building would have enthusiastic entertainers in their element in one of the most appreciated residential areas of Geelong.

Fairview Ave walks to Pakington ST, where the Newtown store strip is a popular destination for shopping and eating out.

The house with Weatherboard Character combines modern living spaces with an inviting outdoor space centered on a swimming pool, spa and theft with built -in barbecue.

A covered entertainment space in the outside air serves both the polar deck and the spacious lawn area.

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A formal space of the living room is one of the two living rooms offered.

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Inside are polished wooden floors throughout the living room, where an open layout connects the kitchen, eating and lounge zones.

The kitchen includes stone sofa sheets and stainless steel cooking equipment.

A second lounge with a fireplace offers a different breakout space at the entry level, while a large rumpus room brings extra flexibility at the top.

The Newtown’s median house price has achieved seven percent in the last three months, despite a decrease of 10 percent during the year, proptrack data.

But time on market figures shows signs of improvement in the suburb where the median price is $ 1.08 million.

It took a median for 51 days to find a buyer for a house in Newtown, according to data for sale in the past 12 months.

That is a 23 percent faster compared to the same period last year.