An authentic Torquay seashore home will dwell to see one other day after a Geelong household outbid three builders for the property, which beat worth hopes by $300,000.
The three-bedroom, one-bathroom home, at 23 Central Avenue, bought for $1.4m at public sale on Saturday.
A chief location 400m from Fishermans Seaside drove competitors from patrons wanting so as to add worth to the 613sq m block.
There was potential to construct two townhouses side-by-side, topic to council approval.
However Barry Plant, Leopold agent Deane Hughes mentioned the brand new homeowners wished to maintain the home as a part-time vacation base and chip away at doing it up.
He mentioned the property was anticipated to fetch $1m-$1.1m however shortly rose past comparable current gross sales within the space.
“There was solely 9 bids however they had been $50,000 bids,” Mr Hughes mentioned.
“It began at $1m and went as much as $1.4m.
“The patrons dwell in Geelong and for them it was simply the situation, being 400m to the seashore and slightly little bit of a passion to start out engaged on.”
The home presents two giant dwelling areas, one with a wooden heater, a separate kitchen/meals space and a research.
A double storage within the yard comes with a second rest room and workshop area.
The brand new homeowners will be capable of go away the automobile at house and stroll to close by Taylor Park and the principle Torquay buying space.