Stellar auction result in Portarlington

July 9, 2020 BY

10 The Esplanade, Portarlington (outlined in red) was sold at auction for $1.341 million.

Stockdale & Leggo achieved a stellar result with their successful auction of 10 The Esplanade, Portarlington over the weekend, achieving $2,195 per square metre and showing waterfront properties in key locations are still very highly sought after.

Stockdale & Leggo Bellarine director Daniel Lamanna said five active bidders took part in the auction, with two bidders fighting it out in front of a strong crowd.
“Many locals attended hoping to see the property sell to someone with a bit of flair and enthusiasm, which the property will need after the clean up.”
There were 66 bids received, and 45 of them came after the property was called on market, bouncing from $5,000 bids down to $100 bids to achieve a sale price of $1,341,000 – $71,000 above reserve.

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