BaysideParticipant@morningtonJoin Date: 2018Post Count: 64
Fast sale for Blairgowrie weekender as summer crowds boost home inspections
A spotless renovation including the addition of a rumpus room has driven a Blairgowrie weekender to sell in just five days.
No. 6 Miller St was taken off the auction list for January 19 when a keen buyer made an offer of $715,000.
“It was listed on January 3 and sold on January 8 with a price guide of $690,000-$725,000,” Fletchers Mornington Peninsula director Larry Callaghan said.
The vendor, a builder, bought the home last August 2018 for $585,000 and renovated it.
“The two-bedroom property needed a lot of work and has a position between the front and ocean beaches,” he said.
The garage on the 695sq m block was converted to a man cave or second living zone outside of the main house.
The sale is a good start for the suburb which is seeing plenty of buyers and inquiries.
“It has been a terrific start to the year with lots of inspections and buyer inquiries,” Mr Callaghan said.
“Traditionally it is busy at this time, when everyone is here on holidays.”
The buyers from Melbourne were looking for a holiday home.
Also selling in the new year were 3 and 5 Godwin St in the same suburb.
Two buyers from the city bought the properties, with a four-bedroom house on 715sq m fetching $675,000 while the vacant No. 5 block on 700sq m sold for $575,000.
The vendor bought both blocks in 2017 for a combined $1.095 million, sales records show.
The 1960s house at No. 3 will be renovated for a holiday home and it features a balcony with beautiful treetop views.
There were several offers for the property which sold at the top of its $675,000-$715,000 price guide, listing agent Mal McInnes of Hocking Stuart Blairgowrie said.
The vacant block at No. 5 sold within the $550,000-$600,000 price guide.
“The pre-Christmas period was slow but things are now picking up,” Mr McInnes said.
“It is a busy period now and, as prices have come down, it is a good time to buy.”
Mr McInnes noted 88 per cent of the buyers were coming down from Melbourne, with two-thirds buying properties to use in their retirement.
Coastal markets 2019
You must be logged in to reply to this topic.