Real Estate

Securing 11th-hour finance proves stroke of luck for young buyers

Securing 11th-hour finance proves stroke of luck for young buyers
Written by The ReReport
As seen in the Source link, written by on 2019-05-21 00:00:00

15 Trigg St, Geelong West has been renovated over the past year.

A YOUNG couple who managed to secure finance the day before a Geelong West auction have surprised themselves by walking away with the keys to their dream home.

McGrath, Geelong agent Will Ainsworth said the Highton buyers didn’t hold out much hope of purchasing 15 Trigg St on Saturday.

But he said two other parties that couldn’t organise finance in time were unable to bid for the renovated four-bedroom house.

Supplied Editorial 15 Trigg St, Geelong West for Geelong Advertiser real estate section

The updated loungeroom.

Winning bidders drawn to original character of Highton home

Entry-level Belmont house proves affordable first step for newlyweds

Melbourne investor sees value in rising attraction of Thomson

That left the new owners as the only contender, with bidding opening at $750,000.

Mr Ainsworth said the property was passed in and they negotiated to buy it for $830,000.

“They were absolutely thrilled, they did not expect to get it,” he said.

“It was their first auction and one from one, how good is that?”

Quality appliances feature in the kitchen.

He said the weatherboard house, once a two-bedroom “ugly ducking” had undergone a stunning renovation that delivers four bedrooms, two bathrooms, a stylish kitchen, separate dining and loungerooms.

The property also has rear access to an oversized triple garage.

“It was something that had already been done, they could move straight in,” Mr Ainsworth said.