EMOTIONAL sellers have hugged the first-home buyer of a Bell Park house as they marked the end of their family’s association with the property.
The siblings were selling the family’s house at 18 Curtin St, Bell Park, which sold for $500,000 at Saturday’s auction.
The three-bedroom house was sold for the first time since it was built in 1975, Harcourts, North Geelong agent Jasmin Jurkovic said.
The auction drew a crowd of about 80 people, including many neighbours keen to know what their properties could be worth, she said
“It started at $450,000 — a buyer put a strong offer and made it clear she wanted to buy the property,” Ms Jurkovic said.
After auctioneer Joe Grgic pushed the auction along with a vendor bid, a second buyer entered the race with $5000 increments reaching $490,000.
“It was two buyers neck and neck. The reserve was $485,000,” she said.
Ms Jurkovic said the brother and sister had mixed emotions selling their parents’ home because of all the memories tied to the property.
“It was a bit bigger than your normal Bell Park home built in 1975. It had a bigger living area and kitchen, it’s a very solid brick home.”
But she said the sellers were delighted because the home would turn full circle after the auction.
“They were even more delighted, because it was a young girl that bought the property and plans to make a lovely home for herself and her partner,” she said.
“She could see the convenience of living in Bell Park.
“She’s an active buyer who’s been looking for the past six months and saw value in this pocket of Geelong, being so close to the shops, transport, train station, ring road and schools when they have a family in the future
“And it was nice to see after the auction the kids gave her a big hug and wished her all the best.”
Bell Park’s median house price rose 7 per cent in the past year to $451,000, according to CoreLogic.