Three bidders fought it out for the keys to 104 Clarence St, Geelong West.
THE owners of a Geelong West house thought they paid too much for it 11 years ago when the price tag was $282,500.
Never in their wildest dreams did they imagine it would sell for $1.12m just over a decade later.
Hodges, Geelong West Jeff Begg, said a local family snapped up the renovated four-bedroom house at 104 Clarence St ahead of two other bidders at auction on Saturday.
The modern rear extension provides open-plan living.
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Price hopes for the property had been $900,000 to $1 million.
The outdoor entertainment area.
“They said to me when they bought it 11 years ago that they paid too much for it,” Mr Begg said.
“They never thought they would sell it for this.”
There have been several sales above the million-dollar mark in Clarence St, Geelong West this year, with numbers 51 and 107 both fetching $1.2 million.
The house at 104 Clarence St was described as an “untouched original home” when the vendors bought it back in 2007.
Mr Begg said they had since undertaken a major renovation which delivers a light-filled extension, four bedrooms, two bathrooms and a home office with a separate entry.
The study has a separate entrance.
The outdoor entertainment area comes with a pizza oven, built-in barbecue and timber seating.
Mr Begg said the new owners were moving across the river and beat two buyers from out of town for the keys.
“It was actually the floorplan that attracted them and the fourth bedroom,” he said.