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As seen in the Source link, written by couriermail.com.au on 2019-12-03 07:23:31

Kieron Hunter, right, calls bids at Arkana Ave, Highton. The property sold for $610,000.

OWNERS of an original Highton home sold for $75,000 above their reserve price after the buyer made a bold opening bid at the auction.

The three-bedroom masonry brick house at 20 Arkana Ave sold for $610,000 after three bidders contested Saturday’s auction.

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The buyer opened the bidding at $550,000, well above the reserve price.

The Sussex Inlet buyer, who is relocating to Geelong to be closer to family, offered $550,000 for the 761sq m property.

Barry Plant, Highton, auctioneer Kieron Hunter said the bid, $15,000 above the reserve price, was designed to intimidate the competition.

“That’s an excellent start their, you’re at $550,000 and we’re away happy to sell, we are on the market,” Mr Hunter said.

20 Arkana Ave, Highton, sold for $610,000.

The location was key to the property’s value, he said.

“It’s well built, original and is almost enormous on 761sq m of prime north Highton soil.

“It has Montpellier Primary School zoning, Belmont High School zoning and you can select shops at Highton Village or North Valley Rd shops.

“It’s such an honest property — it’s very hard to put a price on all the amenities,” Mr Hunter said.

Selling agent Ray Rounds said the reserve price was $535,000 for the house, built by the owners in 1961.

20 Arkana Ave, Highton, sold for $610,000.

Mr Rounds said the New South Wales South Coast buyer was relocating to Geelong.

“He came down for family,” Mr Rounds said.

“He said he’s just going to work on it, live in it and paint it, polish the floors and he likes gardening.”

The house sits near the intersection of Mt Pleasant Rd, walking distance to Montpellier school, North Valley Rd shops and the nearest bus stops.

Highton’s median house price has climbed 1.5 per cent in the past 12 months to $685,000, according to Hometrack data.

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