31 Fischer St, Torquay is in a sought after position.
AFTER missing out on several properties a buyer decided to go all out for a property in the heart of old Torquay.
This involved putting in an offer well above the asking range to secure 31 Fischer St before auction.
McCartney, Torquay agent Tim Carson said it sold for a price well in excess of the asking range of $1.25 million to $1.3 million.
The buyer plans to use it as a holiday home for the time being.
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“The vendor was happy to accept an offer before auction and the buyer was going to be away for the auction so it was going to be easier to get it sorted before auction,” Mr Carson said.
“He is going to use it as a holiday house for the time being and then build their own home.”
The house is on a big block of 1011sq m.
The house looks out to established gardens.
The property is opposite Taylor Park reserve and is a short walk to the shops and beach.
The house has two bedrooms, an open-plan kitchen, meals and family room plus a second loungeroom.
There is potential to build a dream home on the large site in a sought after location.
The median house price in Torquay has increased 9.3 per cent in the past year to $785,000, according to CoreLogic.