East Geelong sellers take early deal to get top dollar

The three-bedroom house at 26 Grey St, East Geelong, sold before auction.

Sellers pulled the trigger early and decided to deal with a local buyer to secure a top-of-the-range price for their renovated East Geelong home.

The three-bedroom Californian bungalow at 26 Grey St sold for $930,000 two days out from last Saturday’s scheduled auction.

Buxton East Geelong agent Tony Moorfoot said the sellers made the smart call when it emerged that several potential buyers were unlikely to reach the level as the eventual purchasers to produce a strong result under the hammer.

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“I had a couple of parties that were just probably not quite at the right level. We had one at the right level and the owners were happy to take an offer prior to auction.

“We could have gone to auction but you just don’t know the outcome,” he said.

“At the end of the day they’ve sold their property at a price they were happy with.”

The inner east location was a big driver behind the transaction, Mr Moorfoot said.

Grey St runs between Garden St and St Albans Rd, with equal distance to local parkland in either direction and potential walking or riding distance to Garden St shops and South Geelong train station.

The rear extension upgraded the kitchen and added a living room and main bedroom suite.

Modern bathrooms feature subway tiling.

The location is also less than five-minutes from the CBD, the waterfront, the hospital precinct or GMHBA Stadium.

“It’s such a good location. It was a super-neat and tidy home, so nothing to do but move in and be ready to rock and roll,” Mr Moorfoot said.

The three-bedroom house makes maximum use of its 337sq m block, packing a modern extension behind the original 1930s era timber cottage.

“They updated, put a new bathroom and extra bedroom on it when they extended,” Mr Moorfoot said.

“There was such a nice kitchen and living space, which was very modern and fresh.

The three-bedroom house at 26 Grey St, East Geelong, sold for $930,000.

The decked backyard and carport is designed to support an inner city lifestyle.

“It was just one of those things, realising that a carport at the back and it was just ready to move in with a good location, and a good house.”

The house sold previously in 2014 for $525,000, with the owners adding the carport and extension, adding a living room and main bedroom suite, in 2017.

The extension meant the house offered two bathrooms and extensive decking in the backyard to suit the enjoyment of an inner city lifestyle.

The high-end kitchen has stone benchtops and splashback, dual Siemens 600mm pyrolytic and combi ovens, an induction cooktop, Asko dishwasher, and a walk-in pantry.

The property had been offered with $870,000 to $930,000 price expectations.

East Geelong’s median house price of $788,000 is just 2 per cent higher than the same time last year.

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