Geelong home sells after 30 years for 8x the price

Real estate agent Heidi Trempel said she knew most of the buyers by their first names for a long-held Geelong home in the city’s Eastern Beach pocket.
That’s because the Fitzroy St home opposite the Roy Robertson Rose Garden in Pevensey Park had come on to the market for the first time in more than 30 years.
Ms Trempel, from Whitford, Newtown, said the majority of interest in the two-bedroom semi-detached home at 24 Fitzroy St was from downsizers, and they often took their time making a decision.
RELATED: Newtown home sails $115k past vendor’s reserve
AFL star’s Torquay property move after Carlton exit
Blush Bar owner selling $5m Jan Juc dream home
The house sold for $1.075m in negotiations after it went to auction at the weekend.
“I knew it was always going to be a downsizer property, although I did have one investor (bidding) as well.”
The property at the corner of Fitzroy and Park streets had been listed with $1m price expectations.
The semi-detached residence shares a party wall between the double garage and the next house.
But the location was a key drawcard, being 400m from Eastern Beach reserve.
“That location tends to draw downsizers because it’s so close to everything and it had a double garage and double driveway so you had four spots off street,” she said.
“That’s a huge thing and it really only had one bedroom upstairs and the rest of the house being single level.”
The property last sold in 1992 for $131,500.
The house offers easy access to the CBD, Eastern Beach, Eastern Park and the medical precinct, making it a handy base for downsizers, professionals and investors.
But Ms Trempel said downsizers would appreciate the outlook over the rose garden.
It has two bedrooms, a central bathroom and a guest powder room, as well as classically styled living spaces with polished timber floors.
Park views are a highlight of the kitchen, which overlooks a private courtyard and the neighbouring rose gardens.
The lounge and dining rooms also overlook the park through large windows that bathe the interior in natural light.
Ms Trempel said Eastern Beach pocket was a paradise for discerning downsizers, because homes such as this offered more than a courtyard so buyers still had a little garden.
“Location, location is absolutely the main reason here to be honest. I’ve met many of the downsizers and I’ve going to continue to meet them for years,” she said.
“We all know that downsizers can take a little bit of time to act.”
Originally published as Geelong home in Eastern Beach pocket sells for first time in 30 years




