11 Britannia St, Geelong West, was auctioned after owners completed a renovation 18 months ago.
Circling buyers pounced, rewarding a sparkling renovation to a three-bedroom period home metres off Pakington St, Geelong West, with a $200,000-plus premium.
The home at 11 Britannia St sold for $1.47m, smashing the $1.24m reserve price at the recent auction.
Buxton Newtown agent Ben Riddle said the property had been listed with price homes from $1.2m to $1.25m.
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“For what it offered, there were comparable sales,” Mr Riddle said.
“For a three-bedroom, one, living area house it was well above what we anticipated.”
Mr Riddle said the property was well received from day one of the campaign.
“There were lots of Baby Boomers there who wanted the land and even the garaging,” he said
“It just had some ingredients there that lots of people wanted and they were hard to replicate in that area.”
Along with buyers from the baby boomer era, there was also interest from people pre-kids, while a couple of young families were also in the mix.
11 Britannia St, Geelong West.
11 Britannia St, Geelong West.
11 Britannia St, Geelong West.
The renovation was completed in the past 18 months by long-term owners.
“The owners had it for 15 years and he finally got around to renovating 18 months out, but they decided to go onto land with his work.
“They didn’t think they’d be selling it but it was a good renovation and they enjoyed it.
“It was a little bittersweet but they were going for a different lifestyle and presented a quality renovation that was well positioned and they were selling a bit of the vibe with that end of Pakington St.
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11 Britannia St, Geelong West.
11 Britannia St, Geelong West.
He said the revitalisation in the past few years around the northern end of Pako had been a talking point among buyers, who though it offered a bit of long term value as well, Mr Riddle said.
The high-end residence occupied a 552sq m block.
While the character facade showcased the period style with leadlight windows, with high ceilings and polished timber boards inside, the striking feature was the open-plan living zone on a polished concrete base.
Custom joinery and a gas log fire were highlights in the living area, that created a seamless connection to the outdoors, where a separate living space included an outdoor kitchen with rangehood and sink, storage, built-in seating and industrial style steel beams.
Originally published at Sydney News HQ
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