Buyer’s first step on property ladder offers chance to add value
A Geelong West residence offers a great first step on the property ladder for a young first-home buyer with the opportunity to add value over time.
A young buyer’s nerves at bidding at auction soon passed after he secured a three-bedroom home on a sizeable Geelong West property.
The 549sq m property at 8 Hodgson St, Geelong West, sold for $857,500 after two contested the three-bedroom weatherboard house.
Jellis Craig Geelong agent Jeff Begg said the local first-home buyer had made a great step on to the property ladder.
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“His family put their hand in the air for him and got him across the line,” Mr Begg said.
“He was nervous but he really did well.”
Mr Begg said the land size was a key attraction for buyers, along with the comfortably presented house that offered scope to add future value.
“The house presented neatly, but it needed a little bit of elbow grease to sharpen it up,” Mr Begg said.
“But nothing that was urgent and demanded to be done straight away.
“To find a home like that was in that nick on that land size, still with the Geelong West address, was a pretty good buy.”
The underbidder was a buyer from Melbourne, Mr Begg said.
A charming facade and a spacious and stylish interior offer the best of both words in a prime position.
The ideal opportunity for families, downsizers or investors provides the benefits of updated spaces, such as the kitchen and living room and bathrooms, along with open-plan living and outdoor entertaining on the 549sq m property.
Hodgson St is near the northern end of Pakington St.
The location was close to West Oval and Geelong Golf Club, and close to schools such as Ashby and St Patricks’s Primary Schools and Clonard College.
Originally published as Buyer’s first step on property ladder offers chance to add value