An authentic Torquay seaside home will reside 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 first-rate location 400m from Fishermans Seashore drove competitors from consumers 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 stated the brand new homeowners needed to maintain the home as a part-time vacation base and chip away at doing it up.
He stated the property was anticipated to fetch $1m-$1.1m however rapidly rose past comparable current gross sales within the space.
“There was solely 9 bids however they had been $50,000 bids,” Mr Hughes stated.
“It began at $1m and went as much as $1.4m.
“The consumers reside in Geelong and for them it was simply the situation, being 400m to the seaside and slightly little bit of a passion to begin engaged on.”
The home gives two giant residing areas, one with a wooden heater, a separate kitchen/meals space and a examine.
A double storage within the yard comes with a second rest room and workshop area.
The brand new homeowners will have the ability to go away the automotive at dwelling and stroll to close by Taylor Park and the primary Torquay purchasing space.