Real Estate

buyers put into action their retirement plan after auction

Written by The ReReport

1/38 Trevally Drive, Ocean Grove sold after auction.

WAITING on the wings worked out perfectly for a couple looking to secure a future retirement home in Ocean Grove.
The Melbourne couple did not bid but watched the auction of 1/38 Trevally Drive, which was passed in to another party.
Negotiations stalled with that party at $665,000 before the couple put in an offer of $680,000 and secured the property.

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1/38 Trevally Drive, Ocean GroveThe home is full of class.

RT Edgar, Barwon Heads agent Andy Ingham said the buyers bought it through their self-managed super fund.
“It will be their retirement home down the track but will lease it for the short term,” Mr Ingham said.

1/38 Trevally Drive, Ocean GroveRelax in style.

1/38 Trevally Drive, Ocean GroveThe townhouse is walking distance to the beach.

The three-bedroom townhouse is spread over two levels with the open-plan kitchen, meals area and loungeroom and main bedroom with ensuite and walk-in wardrobe on the ground floor.

Upstairs are the remaining bedrooms, one of which has its own balcony, and a bathroom.
The property is close to schools and is walking distance to the beach.
The median house price in Ocean Grove has increased 15.1 per cent in the past year to $685,000, according to CoreLogic.

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