Monday, 25 May, 2020

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Three-way auction pushes entry-level Barwon Heads home $85K over reserve


15 Von Nida Ave, Barwon Heads, has sold for $970,000.

A TWO-bedroom brick veneer house sparked a three-way battle on the promise the buyers could build a quiet life in old Barwon Heads.

The house at 15 Von Nida Ave is built toward the front of the 585sq m block, allowing buyers to easily extend at the back.

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The Von Nida Ave home is walking distance to the primary school, golf course and village centre.

The property sold under the hammer for $970,000 — eclipsing the reserve price by $85,000, Bellarine Property selling agent Levi Turner said.

“It was a pretty cracking auction, probably the best auction we’ve had in 18 months,” Mr Turner said.

“We had three bidders. I think the third bidder dropped out around $920,000 and then two others went at it until it sold at $970,000.”

15 Von Nida Ave, Barwon Heads, has sold for $970,000.

Mr Turner said the house presented an entry-level opportunity to the coastal hotspot where the median house price has hit $931,000 this year.

“Most people wanted to keep the house that was there and then extend it out the back,” he said.

“It had the potential to do a pretty easy extension out the back and make it a bit bigger.

“People like that area because it’s still pretty close to walk to everything but pretty quiet.”

Work to do: the kitchen.

Mr Turner said the buyers were from central Victoria, beating a young couple currently renting in Barwon Heads who have relocated from Melbourne.

The third bidder was from Melbourne looking for a holiday house.

Some renovation has already taken place in the home, including installation of hydronic heating, a study fitted with shelves and desk, and the bathroom.

Pre-approved plans were available for the extension.

The property is a flat walk to Hitchcock Ave and the primary school, with easy access to the Barwon River, Barwon Heads Golf Course and 13th Beach.