Blue-chip strip attracts six bidders to Newtown auctions

Two properties near Newtown’s Pakington St procuring strip bought inside an hour on Saturday as six bidders chanced the market.

The properties in Mervyn St and Saffron St had been snapped up on a day when the primary burst of 30-plus diploma climate noticed potential consumers soften away at quite a few auctions throughout Geelong the place properties had been handed in with little or no bidding.

Two teams raised a hand at 30 Mervyn St, when bought after the bidding reached $1.225m.

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McGrath, Geelong agent David Cortous mentioned the well-loved household residence offered the consumers the chance to renovate and lengthen.

“It’s obtained polished floorboards, large bedrooms, lovely, lush backyard,” Mr Cortous mentioned.“There an up to date rest room and also you head by means of and the house simply opens as much as the open dwelling space.

30 Mervyn St, Newtown, bought for $1.225m

30 Mervyn St, Newtown, bought for $1.225m

30 Mervyn St, Newtown, bought for $1.225m

“Lovely period-style properties go all the best way up the road and a beautiful improvement is throughout the highway. 660sq m is a chance for a household to come back right here, renovate the house and lengthen it should you wished.”

The property was listed with $1.15m to $1.25m value hopes.

Later, a first-home purchaser emerged with a signed contract because the clinker brick residence at 64 Saffron St was bought publicly for simply the second time in additional than 60 years.

Members of the family of the unique house owners who constructed the three-bedroom home in 1960 had been the primary to look by means of the property on Saturday, earlier than events filed in forward of the public sale.

64 Saffron St, Newtown, bought for $920,000.

64 Saffron St, Newtown, bought for $920,000.

4 bidders raised a hand after the bidding opened for $750,000.

The property, which was provided with an $850,000 to $900,000 value vary, bought for $920,000.

The primary-time purchaser intends to renovate the house, which has two loos and a north-facing yard.

Mr Cortous mentioned it was a stable residence that provided a giant alternative.

“They don’t come round typically at beneath $1m in these pockets,” he mentioned.

64 Saffron St, Newtown, bought for $920,000.

64 Saffron St, Newtown, bought for $920,000.

“That is coronary heart of blue-chip Newtown. Cafes, eating places, boutique procuring, every part is correct right here.

“It’s obtained the lot – you possibly can park the automotive and benefit from the spoils of the placement. There is a chance to renovate the prevailing residence and add some worth to the property.

“There is a chance to replace what it already present – a pleasant large open-plan kitchen and meals space, three bedrooms with the grasp having a walk-in gown and ensuite.”