Rippleside renovation pay-off continues

17 Margaret St, Rippleside, has sold after five years.

A decade-old renovation to a bayside character home continues to pay off for subsequent owners as buyers continued to favour finished products over projects.

A four-bedroom Edwardian residence at 17 Margaret St, Rippleside, was snapped up last week after spending about three weeks on the market.

The 431sq m property had been listed for $1.375m to $1.45m, selling last week for an undisclosed price close to the bottom of the range.

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The home last sold in 2020 for $1.25m.

Jellis Craig Geelong agent Marcus Falconer said the location and renovation were drawcards to the property, which has a rear, north-facing backyard entertainment area with a pool.

“A group from Belmont was looking just to be a little bit closer to public transport and family,” Mr Falconer said.

“They headed down the path that it was easier to buy something renovated than go through the process themselves.

“People are certainly going through costings which are continually coming up more viable just to buy it done.”

An open-plan kitchen, dining and living space opens at the rear of the residence.

A rear, north-facing entertainment area includes a backyard pool.

The home is close to Rippleside Beach, parklands and North Geelong train station.

Heritage features of the home recognised by the National Trust and the City of Greater Geelong include ornate hallway fretwork, fireplaces, a bullnose veranda and intricate iron lacework.

These blend with modern updates such as plantation shutters, polished concrete flooring in the living areas, ducted heating and a garage with direct access to the home.

The four bedrooms, including a luxurious main suite with a walk-in wardrobe and ensuite, are set away from the living area via a wide hallway.

A lavish tub features in the contemporary bathroom.

The large open-plan living zone features an expansive lounge, dining and kitchen area perfect for families.

The chef’s kitchen includes premium finishes, wide stone benchtops, soft-close cabinetry, a butler’s pantry and a Falcon dual oven with gas top.

The area opens through timber and glass sliding doors to a north-facing covered deck and electric and solar-heated swimming pool.

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