1a Cornish Ave, Belmont sold after auction to a first-home buyer.
IT CAN be hard to find properties for less than $400,000 in Belmont so when a first-home buyer came across one she knew she had to act.
The Newtown buyer was the sole bidder for 1a Cornish Ave at auction and negotiated after it was passed in to her to secure her first home for $380,000.
McGrath, Geelong agent Ross Bywater said the buyer was very excited as it was her first home.
The house has been updated inside.
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“She had been looking for 12 months but is glad she waited as this has lots of character and she loves the style,” Mr Bywater said.
He said there were a couple of other buyers at the auction that weren’t able to buy under auction conditions.
“There is massive demand for properties under $400,000 but they are hard to find,” he said.
The house has easy access to the CBD and Torquay.
The updated two-bedroom house has high ceilings, polished timber floors, new veranda and is surrounded by low maintenance gardens.
The median house price in Belmont has increased 11.3 per cent in the past year to $521,000, according to CoreLogic.