A family returning to Geelong can add new polish to an old Highton gem that has first hit the market.
The three-bedroom Remony Ave residence drew competition from two bidders on its way to a $956,000 auction on Saturday.
The 804 sq m Shoubra Estate property was offered with a price guide of $900,000 to $990,000, but competition began with an opening bid of $920,000.
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“This rare, unpolished gem sits in one of the best and most tightly held estates here in Highton,” said Barry Plant, Highton’s auctioneer Kieron Hunter.
“There is definitely an option to renovate and expand – (but) please don’t touch the bathrooms, they have a special place in my heart,” he joked.
“You can certainly expand and with an extra crossing at the end of the block you can even add an extra garage.”
It was the first time the house, built in the 1960s, was offered on the market.
“As I said, this is an unpolished gem, but it has been perfectly maintained by one owner and now it’s time to hand over the baton.”
Location was a key factor in buyers’ decision Kyle and Camilla Gould.
The couple, who have three children, are returning to Geelong from Inverleigh.
“We moved from Geelong to Inverleigh for a few years and now we’re coming back with the kids,” he said.
“Children are getting older, so with schooling and all, there will be less commuting and errands.”
Mr Gould said it was close to the store and the couple could also do a bit for the classic mid-century house
“It was always where we were looking,” he said
“We got him at a very good price. We were surprised, we thought he might have gone a bit higher, but we’re happy to have him for that.
Neighbors were quick to welcome the family to the neighborhood, which is close to Highton Elementary School.
The fact that this was a competitive auction was due to last minute work to ensure that part of Torquay could bid over the telephone.
Agents rushed in at the last minute after the bidder indicated they would not come to the auction, but to call them if the property passed.
Not wanting to miss the opportunity for a tender, his colleague Angus Davies got the potential buyer on the phone and relayed the offers.
Mr Hunter said the property was on the market at $950,000.
Originally published as Young family lands unpolished gem in Highton