Corio’s hidden gem revealed with million-dollar price hopes

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CORIO homebuyers might get their first have a look at a million-­greenback property within the suburb after a uncommon Federation period home was listed on the market.

The interval house at 401 Princes Freeway, Corio, wouldn’t appear misplaced in bayside Drumcondra however has remained hidden in plain sight for generations behind a tall fence.

The three-bedroom home has hit the marketplace for the primary time in almost 25 years this week and will grow to be the battler suburb’s first million-dollar sale if it sells on the prime of its asking vary.

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Barry Plant, Geelong, agent Chari Emirzade mentioned the home, which is on a 1623sq m block close to Plantation Rd, has attracted sturdy curiosity from patrons, who’ve already organised personal inspections.

Mr Emirzade has set worth hopes at $950,000 to $1 million for the property. Corio’s median home worth is $330,000, in accordance with CoreLogic.

“I can say it’s a Drumcondra or Newtown home inbuilt Corio to be sincere,” he mentioned

“It’s superbly renovated. It’s obtained a spa and the backyard is without doubt one of the greatest I’ve seen.

“I’ve bought plenty of properties within the space, however I haven’t seen that home earlier than as a result of the fences are too excessive, so I used to be shocked once I noticed it first. It’s top-of-the-line I’ve seen.”

The home is filled with authentic element, together with ornamental cornices, ornate fireplaces, excessive pressed metallic ceilings and Baltic pine floorboards.

A grand entrance corridor opens to the formal loungeroom, whereas the home has three spacious bedrooms, a central lavatory and an up to date kitchen, eating and dwelling space.

“It’s authentic inside however they’ve renovated it in that model as properly,” he mentioned.

CoreLogic knowledge reveals Corio’s document home worth of $620,000 was set in 2016 for a four-bedroom, two-storey brick veneer home on a 1300sq m block, although a number of properties bought as a package deal within the northern suburbs have achieved greater than $900,000 as potential growth websites.

The home predates Corio’s essential progress as a Housing Fee suburb from the late 1950s.

Mr Emirzade mentioned the homeowners had been leaving as a result of the property, particularly the backyard, was too massive for them.

However he mentioned the curiosity within the property would retain the home, both as a residence or probably as a medical centre or for little one care.

peter.farago@information.com.au

Supply hyperlink – https://www.information.com.au/finance/real-estate/melbourne-vic/corios-hidden-gem-revealed-with-milliondollar-price-hopes/news-story/aa3902ba249a6b3ca00048bfd18a0ac7

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