A Peninsula house in a prime position sold $490,000 (nope, that’s not a typo) over reserve at a hotly contested Point Lonsdale auction on Saturday.
The determined buyers, a couple from Melbourne, placed the opening bid for the house, set in Old Lonsdale and, after fending off two other keen buyers, eventually secured the keys 3 Albert St for $2.05 million.
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RT Edgar, Bellarine agent Felix Hakins was blown away by the result and full of praise for his team.
“It was one of the most amazing auctions I’ve ever witnessed in my real estate career,” Mr Hakins said.
“We had three bidders fighting for it tucked under a carport and the rain was pelting down and the vendors and purchasers were hugging at the end.
“Our auctioneer, Andy Ingham, did a fantastic job in front of the 50-strong crowd and we had Georgia inside helping my very excited vendors.”
The property, set on a 607sq m block, was listed with a quoted price range of $1.50-$1.65 million, and has been held by the same family for 30 years.
It offers bay views from the front gate, a north-facing aspect, three-bedrooms and two-bathrooms.
The new owners will need only stroll 100m and they’ll be at the foreshore, or a few extra metres to reach the local shops and cafes, while a large backyard, established fruit trees and an outdoor shower add to the coastal charm.
Mr Hakins said the buyers were fully engaged since the start of the campaign, and were so keen to take the keys, one booked local accommodation the night before the auction to avoid any traffic delays.
“The property really suited what they were after … they are a lovely couple and are keeping it as is as a beach home, they were so rapt with the process and really wanted it.” he said.
Mr Hakins said despite losing out on the day, the underbidders were still keen to purchase property in the area.
He also said the result was good for the coastal market, and that there was a “lovely feel about the town” as news quickly spread with locals heading into the office to congratulate staff.
“We’re still very undiscovered here and so close to Melbourne … it’s a great little village.”