Torquay two-bedder sells for giant value as patrons eye extension, Hayden, Patrick Hayden, 9 Anderson St, Torquay, The Esplanade
THE worth of a two-bedroom central Torquay house a block from The Esplanade has elevated by $900,000 in eight years after promoting final week.
The 674sq m property at 9 Anderson St, Torquay offered for $1.77 million, CoreLogic information revealed.
Hayden, Torquay agent Patrick Hayden, who dealt with the 13-day sale, mentioned the property attracted curiosity from builders and homebuyers, nevertheless it was the latter who positioned a premium value on the property.
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The property can also be strolling distance to Gilbert St and Bell St.
“It was a chance for both a improvement in that location, or an extension to the home,” Mr Hayden mentioned.
“There was potential for a subdivision, so there have been just a few choices there.
“We had a number of gives on it,” he mentioned.
However the extra severe ones, the upper finish ones needed to maintain the home.”
Mr Hayden mentioned the home was positioned on the centre of the block, which offered patrons that needed to maintain the dwelling to create an extension on the again or to construct a townhouse.
“My ideas are to most likely go up and get a water glimpse there,” he mentioned.
The property final offered in 2010 for $870,000.
Mr Hayden mentioned the sellers had purchased an even bigger property to accommodate their rising household.
Torquay’s median home value is $751,000, with capital development of 34 per cent prior to now 5 years.
The home is the second costliest to promote on the street, with solely a five-bedroom home on a 1518sq m block promoting for greater — $three.006 million, in February, CoreLogic information present.
Supply hyperlink – https://www.information.com.au/finance/real-estate/melbourne-vic/torquay-twobedder-sells-for-big-price-as-buyers-eye-extension/news-story/c4f0bdc744caea93ebd3eccb2b47af44