The state of this outdated Edwardian home in Geelong’s interior east was such that promoting agent Jason Barnett although himself it was too far gone.
However consumers produce other concepts after snapping up the three-bedroom home earlier than public sale final week.
The Newtown agent had listed the 570sq m property with a $480,000 to $520,000 worth information.
Mr Barnett mentioned most potential consumers noticed the worth in subdividing the property at 145 Carr Street, Thomson, which has two road frontages, plus rear lane entry.
“The curiosity has come from folks that it as a two-lot subdivision or as a push over,” he mentioned.
“A couple of mentioned it was too far gone — ‘I can’t hire it, we’d must bulldoze it’,” he mentioned.
Mr Barnett wouldn’t reveal the sale worth, negotiated days earlier than it was on account of be auctioned.
Having seen a lot better days, the home was cleaned out on the market, maybe revealing simply sufficient to whet the urge for food.
It provided a standard Edwardian structure, and though it was dressed fake brick cement sheet, there are excessive ceilings, a double-sided chimney, broad timber floorboards and even a stunning pair of stained glass home windows inside.
“I wouldn’t have saved it. As an expert, I’d say it’s too costly however funnily sufficient the folks that have simply purchased it, they’re going to renovate it.
“It’s an Edwardian, that was the unique model, so you could possibly strip all of it again and begin on the backside and work your means up.”
Thomson is a scorching pocket in Geelong’s interior east.
With an inexpensive $425,000 median home worth giant on account of its primarily ex-commission housing inventory, values have truly jumped virtually 48 per cent prior to now 5 years.
The property is useful to South Geelong prepare station, GMHBA Stadium and purchasing strips together with Backyard Avenue, East Geelong, Pakington Avenue, Newtown and Geelong’s CBD.