Geelong vendors pull off auction double to score $250K bonus

Geelong vendors who sold two houses on the same day were blown away with results that defied lockdown-interrupted campaigns.

Geelong vendors pocketed an unexpected $250,000 after selling two properties for smashing results at online auctions on the same day.

One of their inner city homes beat price hopes by $120,000, despite only squeezing in one open home inspection during a lockdown-interrupted campaign.

Central Victorian buyers snapped up the four-bedroom, renovated character home at 17 Maud St, Geelong, for $1.55 million.

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McGrath, Geelong agent David Cortous said hours later the vendors sold a single level townhouse in Geelong’s only gated community for $900,000.

Five bidders pushed the price of the modern, three-bedroom residence at 4/12 Balcombe Rd, Newtown, above $730,000 to $800,000 price hopes.

Mr Cortous said it was a day of double celebration for the sellers who pushed on during recent on and off-again lockdowns in regional Victoria.

“They picked up $250,000 that they weren’t expecting,” he said.

“There were three bidders at Maud St and two went toe-to-toe and pushed the price up.

“That was an amazing result, that property had only had one Saturday open because of the lockdown.

“They were really unlucky last weekend because their open was scheduled for 1.45pm and the lockdown started at 1pm.”

The Federation-era home has been meticulously renovated to create two living zones, including a modern open-plan kitchen, dining and family room overlooking a landscaped backyard, and a main bedroom suite with walk-in wardrobe and ensuite.

“It was a beautiful house with a great north-facing backyard, it was really well renovated and extended,” Mr Cortous said.

He said the scarcity of single-level townhouses drove competition for the Newtown townhouse in the sought-after Balcombe Estate, close to the Barwon River.

The property is close to the Barwon River and appealed to downsizers with its low-maintenance courtyard, single garage and quality fittings such as Gaggenau appliances in the kitchen.

“Single level townhouses are really hard to find, most of them are two storey,” Mr Cortous said.

“That Balcombe Estate is really highly sought after.”

Originally published as Geelong vendors pull off auction double to score $250K bonus

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