Real Estate

contemporary torquay house increases in value 140k in 18 months

Written by The ReReport

59 Grandview Rd, Torquay sold to a local couple.

THE high end market in Torquay is strong with a contemporary four-bedroom house selling for $140,000 more than it did 18 months ago.
The renovated house at 59 Grandview Rd sold for $1.16 million to a local couple that were downsizing off acreage.
The property last sold for $1.02 million in June, 2017, according to CoreLogic, showing a 12 per cent increase in value to now.

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59 Grandview Rd, Torquay - For Geelong AddyThe house has two separate living areas.

McCartney, Torquay agent Steve Menegazzo said the purchasers had just sold a property on a bit of acreage and were looking to downsize their land size.
“They are moving into old Torquay to be closer to everything and they have always been around the Torquay area,” Mr Menegazzo said.
“The house has been fully renovated, they can just move in without a thing to do.”

59 Grandview Rd, Torquay - For Geelong AddyThe interior has been updated.

59 Grandview Rd, Torquay - For Geelong AddyA big backyard was an added bonus.

He said the house had been a popular holiday rental and rented out consistently.
The two-storey house has three bedrooms and an open-plan living area on the ground floor and main bedroom with ensuite and walk-in wardrobe and second living area upstairs.

The median house price in Torquay has increased 11.1 per cent in the past year to $797,500, according to CoreLogic.

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