THE prospect of a little hard work didn’t scare away potential buyers of an entry-level Belmont property with good access the Surf Coast Highway.
Two bidders saw value in the elevated three-bedroom house at 54 Oberon Drive, which sold at auction on Saturday for $410,000.
McGrath, Geelong agent Egle Skridulis said the Geelong buyer was looking for an attractively-priced investment and Belmont was a prime location.
The surprisingly spacious house has two living areas, including a rumpus room which opens to a large storage shed.
There’s also an underhouse cellar with a built-in bar.
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“I think obviously we understand some things need to be done,” Ms Skridulis said.
“With the elevation it can be a challenge but with the elevation you also have views.”
Belmont’s median house price sits at $531,000 on the back of 12-month capital growth of 6.2 per cent, CoreLogic data shows.