Family flying south as Belmont beauty beats hopes by $147K

The family, which is moving south for work and to be closer to family in the region, landed the highest bid at 1 Union St, Belmont, on Saturday.The bidder had his phone to his wife in Brisbane firmly planted to his ear as he saw off competition from two other bidders for the three-bedroom character home.Rising interest rates have slowed some property markets, but new data shows there are many suburbs where serious homebuyer demand remains very high.RELATED: Character home in prime school pocket earns $150K bonusYoung builder reveals rundown Belmont home’s remarkable renovationGeelong suburbs where home sales slowed most revealedIt sold for $997,000, after Buxton agent Tony Moorfoot had declared it was on the market for $850,000.It’s a unique house with a large brick arch above the porch, framing ornate leadlight windows and french doors leading into the 1920s era home.Period features were well preserved throughout the California bungalow, with a wide entrance hall, high ceilings, polished timber floorboards and ornate fretwork showcasing the rich character.While the original layout is largely preserved, the home had been updated with stainless steel appliances in the kitchen and fresh bathrooms.Mr Moorfoot said it was a great opportunity on a 650sq m block.“It’s all set up and ready to go with three bedrooms, two bathroom and has been painted inside an out.“It’s a great opportunity to move straight in with nothing to do.“It’s walking distance to High St, with great schools such as Roslyn Primary and Belmont High.”Bidding opened at $820,000.The buyer said he saw the house in person for the first time prior to Saturday’s auction.“It’s a nice home, a nice area, a lovely character home,” he said.“We’re a bit excited and it’s maybe a bit more than I wanted to pay for it, but it’s how much they cost I guess.“This is the first time I had actually seen this place in person. Aly (Boland) provided a video tour and my father in-law had seen it, so we had got a feel for it.”

from news.com.au — Australia’s leading news site https://ift.tt/AjfHCGE
https://ift.tt/XxTD9Ad
October 31, 2022 at 12:30AM
The family, which is moving south for work and to be closer to family in the region, landed the highest bid at 1 Union St, Belmont, on Saturday.The bidder had his phone to his wife in Brisbane firmly planted to his ear as he saw off competition from two other bidders for the three-bedroom character home.Rising interest rates have slowed some property markets, but new data shows there are many suburbs where serious homebuyer demand remains very high.RELATED: Character home in prime school pocket earns $150K bonusYoung builder reveals rundown Belmont home’s remarkable renovationGeelong suburbs where home sales slowed most revealedIt sold for $997,000, after Buxton agent Tony Moorfoot had declared it was on the market for $850,000.It’s a unique house with a large brick arch above the porch, framing ornate leadlight windows and french doors leading into the 1920s era home.Period features were well preserved throughout the California bungalow, with a wide entrance hall, high ceilings, polished timber floorboards and ornate fretwork showcasing the rich character.While the original layout is largely preserved, the home had been updated with stainless steel appliances in the kitchen and fresh bathrooms.Mr Moorfoot said it was a great opportunity on a 650sq m block.“It’s all set up and ready to go with three bedrooms, two bathroom and has been painted inside an out.“It’s a great opportunity to move straight in with nothing to do.“It’s walking distance to High St, with great schools such as Roslyn Primary and Belmont High.”Bidding opened at $820,000.The buyer said he saw the house in person for the first time prior to Saturday’s auction.“It’s a nice home, a nice area, a lovely character home,” he said.“We’re a bit excited and it’s maybe a bit more than I wanted to pay for it, but it’s how much they cost I guess.“This is the first time I had actually seen this place in person. Aly (Boland) provided a video tour and my father in-law had seen it, so we had got a feel for it.”