Real Estate

locals see investment potential in growth suburb bell post hill

Written by The ReReport



30 Kansas Ave, Bell Post Hill sold under the hammer.

LOCAL buyers have taken advantage of the thriving property market in Bell Post Hill and bought an investment property.
With 13.6 per cent growth in the past year and a median house price of $460,000, according to CoreLogic, more buyers are starting to discover Bell Post Hill.
Buxton, agent Matt Plunkett said Geelong had not taken a dip like Melbourne and house prices were still on the up.
“The ring road is just up the road from Bell Post Hill and it is still affordable,” Mr Plunkett said.

Buxton auctioneer Matt Plunkett looks for bids for 30 Kansas Ave, Bell Post HillBuxton, auctioneer Matt Plunkett looks for bids.

MORE REAL ESTATE:Uninhabitable house in Geelong sells $100,000 above reserve

Investors, first-home buyers are cashing in on Geelong building boom

Future looks bright as Lovely Banks property sells $225K above reserve

Bidding for 30 Kansas Ave started at $380,000 and after several bids from two parties, a local investor secured the property for $425,000.
Mr Plunkett said the house had been in the same family since it was built and now needed a bit of love.

30 Kansas Ave, Bell Post HillThe house is currently tenanted.

30 Kansas Ave, Bell Post HillThe property is close to shops.

The house has three-bedrooms down one side and the kitchen, dining room and loungeroom on the other side.
Outside there are established gardens and a single garage.

The house is tenanted for $320 per week until November but the expected rental amount after that is $340 to $350 per week.

tessa.hayward@news.com.au



Source link