Five bidders push price in Hamlyn Heights

A 636sq m block with a three-bedroom weatherboard house opened up possibilities at 22 Hamlyn Ave, Hamlyn Heights.Hayeswinckle, Newtown agent Patrick Iredell said five serious bidders contested the property at auction.RELATED: Sellers tickled pink with quick $50K bonusPerfect middle ground sells $171K over reserveGeelong’s most in-demand suburbsIt sold for under the hammer for $857,000, beating price hopes by $68,000.Mr Iredell said the buyers’ competition came from Melbourne, with first-home buyers driving the demand.“Definitely the block, 636sq m, was appealing and the house had been restumped,” Mr Iredell said.“It was a first-home buyer’s dream.”The house offers scope for further updates but is ready to roll with dual living areas with polished timber floors and a covered rear deck overlooking the backyard.Mr Iredell said Hamlyn Heights “had gone nuts” in recent times, notching up substantial capital growth.The median home value in the suburb has surged 21.5 per cent over the past year to $675,000, according to PropTrack data.

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December 02, 2021 at 12:30AM
A 636sq m block with a three-bedroom weatherboard house opened up possibilities at 22 Hamlyn Ave, Hamlyn Heights.Hayeswinckle, Newtown agent Patrick Iredell said five serious bidders contested the property at auction.RELATED: Sellers tickled pink with quick $50K bonusPerfect middle ground sells $171K over reserveGeelong’s most in-demand suburbsIt sold for under the hammer for $857,000, beating price hopes by $68,000.Mr Iredell said the buyers’ competition came from Melbourne, with first-home buyers driving the demand.“Definitely the block, 636sq m, was appealing and the house had been restumped,” Mr Iredell said.“It was a first-home buyer’s dream.”The house offers scope for further updates but is ready to roll with dual living areas with polished timber floors and a covered rear deck overlooking the backyard.Mr Iredell said Hamlyn Heights “had gone nuts” in recent times, notching up substantial capital growth.The median home value in the suburb has surged 21.5 per cent over the past year to $675,000, according to PropTrack data.