Riverside renovator sells $140k over price hopes in Highton

The five-bedroom house at 32 Cara Rd, Highton, is listed for sale with $750,000 price hopes.

A bidding quartet confirmed Highton’s riverside pocket remains hot property with an original two-level home selling $140,000 above price hopes.

The mid century cream brick house at 32 Cara Rd, Highton, was snapped up for $890,000 at Saturday’s auction after four bidders emerged to secure the property.

Jellis Craig Geelong agent Marcus Falconer said the 876sq m property attracted strong interest during the campaign, with plenty of potential buyers mulling the opportunity from north of the border.

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The property had been listed with $750,000 price hopes.

“There was great interest from Queensland and New South Wales,” Mr Falconer said.

“I think a few were looking from an investment perspective.”

Mr Falconer reported the full gamut of interested parties in the property, with people also looking to renovate or knockdown and rebuild.

Ultimately, the neighbourhood’s residential appeal won out.

Timber windows and floors offer plenty to work with in the house.

The updated kitchen and dining room.

“The buyers want to renovate it as a family home,” he said.

“The underbidder wanted to a knockdown rebuild, who would be land banking for the short term. Others wanted to occupy.”

As a renovation project, the house has plenty to work with, from decorative cornices offering an glimpse of Art Deco style.

The house has hardwood floorboards, sash windows, including large picture windows in the main living room looking through the trees and across the river valley.

There are five bedrooms and two bathrooms and an updated kitchen and dining room split across two levels.

But the position is the key element that had potential buyers drooling over this property, about 200m from Barwon River parkland at the end of the street.

The property is also near Highton Village shops and in the Belmont High School zone.

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