4 Neiley St, Newtown, sold for $1.185m at auction.
The chance to upgrade to a family home on a big Newtown block was not lost on four buyers who contested an auction.
Three purchasers on the street and a fourth online from overseas contested the three-bedroom house on a 763sq m property at 4 Neiley St.
McGrath, Geelong agent Jim Cross said the home sold for $1.185m to a young family charting an upgrade from across the suburb.
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“We had four bidders at the auction, we had one couple from Altona who were actually at a wedding in Malaysia so they were bidding online.
“A neighbour was bidding who was looking at potentially knocking the house down to build a new family home.
4 Neiley St, Newtown, sold for $1.185m at auction.
4 Neiley St, Newtown, sold for $1.185m at auction.
4 Neiley St, Newtown, sold for $1.185m at auction.
“And we had two younger bidders who were looking at it as a family home as well,” he said.
The sale price was close to the top of the $1.1m to $1.2m range.
“The couple that bought it currently living in Clarendon St,” he said.
“They’ve got a renovated character home on a small block and they were wanting to upsize to something bigger for their young children, so it was perfect for that.”
The brick veneer house has high ceilings, polished floorboards and large picture windows.
The spacious backyard is home to mature trees.
The sale charts the incredible rise in property values in the Newtown pocket after a similar original home sold for $1.01m Nisan 2021 içinde.
Michelle Winckle calls for bids at 2b Lonsdale St, South Geelong.
2B Lonsdale St, South Geelong.
Meanwhile a renovated character home on a small block in central South Geelong remains on the market after post-auction negotiations stalled with the highest bidder.
The Edwardian residence at 2b Lonsdale St passed in for $750,000 after interest from two parties.
But Hayeswinckle agent Michelle Winckle was confident she was close to concluding a sale as there was other parties interested in the property, who either couldn’t make Saturday’s auction, or couldn’t bid under auction conditions.
The house sits almost in the shadow of GMHBA Stadium and is walking distance to the CBD, Barwon River and South Geelong train station.
