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<\/p>\nMcGrath Estate Agents Geelong sold a lavishly renovated four-bedroom home at 156 Kilgour Street for a $2.4 million vendor bid at auction on Saturday, in line with pre-sale expectations.<\/p>\n
The Kilgour Street property had belonged to a builder, who had extended the property into what is now the stunning jewel of the central Geelong street.<\/p>\n
McGrath Estate Agents Geelong principal David Cortous said the result was a \u201cgood, fair price\u201d for all parties.<\/p>\n
\u201cWe had the price guide at $2.4 million to $2.6 million. [$2.4 million] is still a good result given it was a street record, it\u2019s a very good price for that location and that street.<\/p>\n
\u201cThere\u2019s not that many buyers on the ground at the moment as we\u2019ve seen previously, there\u2019s no secrets there.<\/p>\n
\u201cWe may have seen a bit more money if it went to market six months ago, but it was still a great result in the market.\u201d<\/p>\n
<\/p>\n
Despite the slight cooldown in interest for properties in recent weeks, Mr Cortous said his agency had still chalked up impressive results with its premium listings.<\/p>\n
The Kilgour Street sale follows a suburb record for Geelong at 5 The Esplande, which sold for $5.23 million \u2013 well clear of its $3.8 million reserve following an auction bidding war.<\/p>\n
It came after a penthouse property at Miramar Geelong, on Cavendish Street sold for an undisclosed sum, understood to be within its pre-sale expected price range of $4.2 million to $4.4 million in an apartment record for the city.<\/p>\n
\u201cWe\u2019ve seen that higher end type of property still transact really well and achieve really good prices,\u201d Mr Cortous said.<\/p>\n","protected":false},"excerpt":{"rendered":"
A new record for Geelong\u2019s Kilgour Street has followed a bumper sales period at the top end of the city\u2019s real estate market. McGrath Estate Agents Geelong sold a lavishly renovated four-bedroom home at 156 Kilgour Street for a $2.4 million vendor bid at auction on Saturday, in line with pre-sale expectations. The Kilgour Street […]<\/p>\n