A YOUNG couple plans to roll up their sleeves and continue the renovation started on a two-bedroom Belmont house after a bumper auction.
Family and friends cheered on Cameron Ross as he won the keys to the brick veneer house at the weekend.
Bidding opened at $490,000 and Mr Ross faced stiff competition from two other bidders before securing the updated property for $565,000.
After calling wife Michelle to share the good news, Mr Ross said they were drawn to the property at 24 Hill St because of the location, south of Roslyn Rd near Belmont High School.
The young couple plans to move in and continue to renovate the property and look forward to making it their own over time.
Buxton, Highton auctioneer David Gray said the price well-exceeded the reserve and there were plenty of bidders keen for a piece of the action.
“We knew there was competition going in and that it would be pretty popular with a few bidders there,” Mr Gray said.
“It went way above the price I was expecting which was pleasing, and it’s good to see there’s more confidence in the market.”
The property had been listed with a quoted price guide of $475,000 to $522,000.
It last sold in 2006 for $230,000, according to CoreLogic data.
Set in the heart of Belmont on a 636sq m block, the residence is close to all the local action, including High St, Highton Village and the Barwon River.
It has a light-filled living zone, fully renovated bathroom and split system heating and cooling.