76 Elizabeth St, Geelong West sells for $50okay above reserve at public sale, consumers’ brokers head-to-head, McGrath, Geelong Will Ainsworth, dilapidated

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THE rising worth of land in Geelong West has been underlined with the sale of a dilapidated home for $585,500 at public sale.

McGrath, Geelong agent Will Ainsworth stated 76 Elizabeth St required “some elbow grease at finest”, with its unique baltic pine floorboards one of many solely options price salvaging.

Three bidders noticed worth within the 526sq m property auctioned on Saturday with value hopes of $480,000 to $520,000.

It offered for $50,000 above reserve after two consumers’ advocates went head-to-head within the end.

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Ray White, Geelong agent Laurie McGovan efficiently bid on behalf of a pal who plans to renovate the three-bedroom weatherboard home.

“They’re transferring again from Western Australia,” Mr McGovan stated.

“They’ve executed renovations earlier than.”

Mr Ainsworth stated there was potential to reap massive rewards from renovations in Geelong West, the place a property down the highway just lately offered for $1.three million.

The home has unique interiors with options resembling excessive ceilings, a loungeroom, eating room and separate kitchen.

A facet driveway results in a single storage and workshop.

Supply hyperlink – https://www.information.com.au/finance/real-estate/melbourne-vic/geelong-west-house-in-state-of-disrepair-sells-for-585500/news-story/a0e2b100e245c9e3c375e8f92a4d7cbf

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