A young Geelong couple bursting with excitement snapped up the keys to an updated period home in one of Belmont’s best pockets in front of a 150-strong crowd.
Surrounded by small army of smiling supporters, the pair paid $812,000 for the four-bedroom home at 13 South St on Saturday.
Currently living only a few streets away, the local residents jumped at the opportunity to “upsize”, and plan to use their new purchase as a family home and enjoy the 863sq m of space on offer.
Buxton auctioneer, Tony Moorfoot declared “Belmont prices are going north” before opening proceedings in front of the huge crowd, and it took just seconds for the first bid of $750,000 to land.
From there, the bids came through thick and fast as the price climbed to $812,000, smashing the reserve of $760,000.
Prior to auction Mr Moorfoot said 130 groups had been through the property throughout the campaign, and that there were multiple people ready to bid.
“It turned into a two-horse race after the big opening bid of $750,000 wiped a few out,” Mr Moorfoot said after the auction.
“They (the new owners) are a lovely young couple who live around the corner and are upsizing for family reasons and making the most of the big block.”
The house has a sunny and modern open-plan kitchen, dining and living zone and stylish bathroom with floor-to-ceiling subway tiles, ball and claw foot bath and skylight.
Outside, there’s a covered entertainment area with built-in barbecue and bar, sandpit and cubby, as well as a games room with built-in bar.
The location is close to Highton Village and High St shops, schools, public transport and the Barwon River.