Dad successfully bids for son on 15 Victoria St, Rippleside, tightly-held, McDonald & Co, Geelong, Michael Brennan, single-fronted character house

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A SINGLE-fronted character home in tightly-held Rippleside has bought for greater than $100,000 above expectation amid fierce competitors.

A decided bidder, who bought the property on behalf of his son, paid $655,000 for the two-bedroom home at 15 Victoria St on Saturday.

He had his eye on the prize from the outset with a gap bid of $525,000 and confidently noticed off two rivals.

It took simply two bids for the value to exceed the anticipated $510,000-$530,000 vary as consumers noticed worth within the location.

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McDonald & Co agent Michael Brennan mentioned the property was simply 150m to a waterfront strolling monitor that linked Rippleside to Geelong’s CBD.

North Geelong railway station is on the different finish of the road.

“It’s a tightly-held space the place properties don’t come up fairly often, notably character houses like this one,” Mr Brennan mentioned.

Polished timber flooring and forged iron fireplaces are amongst interval options on the home, which is on a 367sq m north-facing block with rear lane entry.

The median home worth in Rippleside is $679,000, up 9.9 per cent, on the identical time final yr, in response to CoreLogic knowledge.

Solely 11 homes have bought within the suburb previously 12 months.

Supply hyperlink – https://www.information.com.au/finance/real-estate/melbourne-vic/buyer-digs-deep-for-rare-chance-to-enter-rippleside-market/news-story/52f4d6d1ab155f2759ac7ca579advert06be

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