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Seven bidders contest vacant Bell Park home

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Seven bidders contest vacant Bell Park home

A Bell Park home that’s been vacant for no much less than 20 years used to be in hot ask as seven hopeful shoppers contested a web public sale.

The usual four-mattress room brick veneer condominium at 5 Libau Ave equipped for $655,000 at Saturday’s public sale.

Early Newspaper

Harcourts North Geelong agent Joe Grgic mentioned the 737sq m property had a Traditional Residential Agenda 4 zoning, which used to be supporting of development.

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But he mentioned most shoppers, alongside with the winning bidders, were desirous about renovating the triple-fronted design.

“It seems admire it hasn’t been lived in for quite a whereas.

“So it’ll present it a new rent on lifestyles, which it desires, and I would express at some stage they would possibly perhaps perhaps well furthermore stare upon striking a space or one thing within the encourage.”

Mr Grgic mentioned the shoppers understood that the home wished work nonetheless it used to be liveable.

“But being a four-mattress room (condominium) equipped alternate suggestions whether or now not it used to be four bedrooms, or if it used to be remodeled to three bedrooms with an ensuite because it had that condominium.

“A lot were making an strive from that level of impress.”

The enchancment capacity had piqued passion, nonetheless wasn’t the sole focal level for any shoppers.

“I don’t ponder each person used to be making an strive used to be making an strive totally for development, nonetheless the incontrovertible truth that with the extensive driveway and mountainous yard condominium if it used to be a two-lot subdivision it would possess been an effortless development in that respect.”

The property went to public sale with label hopes of $610,000.

Bidding opened at $400,000 and took 15 bids to attain $610,000.

However the contest used to be removed from over, with a sequence of $1000, $2000 and $3000 bids as bidders wrangled to stable the contract.

Mr Grgic mentioned it appeared a surely solid home, and reasonably untouched.

“I’d spoken to three neighbours who had on no narrative viewed someone residing within the home and that they had been there 20 years, one 15 and the other one seven,” he mentioned.

“And up until final 365 days that used to be the final time that they had viewed somebody at the property mowing lawns.

“It’s very unfamiliar that no-one has lived there for goodbye.”

Bell Park’s median condominium label has risen 11 per cent in 12 months, reaching $545,000 in July, in response to realestate.com.au records.

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Seven bidders contest vacant Bell Park home