SATURDAY\u2019s auction of an older style two-bedroom home near the beach in St Leonards blew the expected price range of $480,000 to $525,000 out the window by nearly $100,000 as five keen Melbourne-based investors exchanged 51 bids to see 9 First Avenue sold for $620,500.<\/p>\n
With an attentive crowd of nearly 70, Neville Richards auctioneer and director Luke Campbell received a first bid of $450,000 from which there was no looking back.<\/p>\n
The winning bidder from Melbourne was keen to get a foothold in the Bellarine property market and purchased the property as an investment to further develop in time.<\/p>\n
Neville Richards director Luke Campbell said that the property had an exceptional amount of enquiry with over 100 groups through the opens.<\/p>\n
\u201cThe market for this type of property close to the beach with heaps of potential, is as strong as I have ever seen it.<\/p>\n
\u201cVacant land and older cottage style property are selling incredibly well with the high volume of interest from Melbourne-based investors seeing demand outweighing supply.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
SATURDAY\u2019s auction of an older style two-bedroom home near the beach in St Leonards blew the expected price range of $480,000 to $525,000 out the window by nearly $100,000 as five keen Melbourne-based investors exchanged 51 bids to see 9 First Avenue sold for $620,500. With an attentive crowd of nearly 70, Neville Richards auctioneer […]<\/p>\n