, Belmont street scores surprising million-dollar sale, The Nzuchi Times

Belmont street scores surprising million-dollar sale

, Belmont street scores surprising million-dollar sale, The Nzuchi Times

A Belmont street notched up an unexpected million-dollar sale as six bidders drove a big result for a three-bedroom house.

A newlywed couple relocating from Melbourne beat Saturday’s auction competition to secure 19 Jacobs Street for $1.026m.

Price hopes for the 956sq m property had been $780,000 to $820,000 but Maxwell Collins, Geelong agent Eugene Carroll said the depth of competition “blew the reserve out of the water”.

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Auctioneer Shaun Carroll opened proceedings with a $760,000 vendor bid after a slow start but the price jumped to $825,000 just two bids later as a family member entered the fray an behalf of the eventual buyers.

“There was a few people there and then others kept popping up and I was wondering where they were coming from,” Mr Carroll said.

, Belmont street scores surprising million-dollar sale, The Nzuchi Times

“There was one guy who put in one bid.”

The large block in a family-friendly area near Belmont schools and the Barwon River underpinned interest in the weatherboard house.

Polished timber floorboards feature in the front section of the home, which has a open-plan lounge/dining area, central kitchen and three bedrooms, including a main with ensuite and walk-in wardrobe.

Another open-plan living zone at the rear overlooks the backyard with a non-compliant swimming pool and double garage.

“I think the buyers are very, very happy — they got married last year and they are from Melbourne, relocating to come down to Geelong,” Mr Carroll said.

“They were going to the footy afterwards, they are mad Cats supporters.

“This is such a great family area, the suburb of Belmont, and especially that part of Belmont.

“It’s a family-sized block of land and has good scope to become a family home for many years to come.”

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