[ad_1]
An original Rippleside house not offered to the market since the 1970s has sold for more than $1 million.
An original, unrenovated Rippleside house not offered to the market since the 1970s has sold for more than $1 million.
The three-bedroom weatherboard house at 53 Walker St attracted three bidders to Saturday’s auction but was snapped up after the bidding had finished.
Hodges, Geelong West agent Marcus Falconer said a family from suburban Melbourne was all set to relocate to Rippleside after paying $1.09 million for the property.
RELATED: Marathon auction smashes reserve by almost $1m
Cayman Islands buyer swoops on brilliant bungalow
Vital stat shaping real estate for 2022
The home occupies a 488sq m block at the bay end of Walker St, which is walking distance to parkland and waterfront paths.
Records show the property last traded in 1976 for $25,000.
Three bidders contested Saturday’s auction.
The California bungalow was marketed as an opportunity to move straight in, restore the house to its former glory or even extend upstairs and maximise the bay views.
The property’s front porch offers a far reaching view over Corio Bay toward Eastern Park.
The house is rich with period details, including high ceilings and hardwood floors and Art Deco hardwood doors, timber wall panels and timber sash windows.
The dining room overlooks the front garden through a bay window.
Price hopes quoted at $1 million prior to the auction.
The sale came two months after the neighbouring house, built in 2016 on a smaller parcel of land at 51 Walker St sold for $848,000.
There has been a flurry of real estate activity in Rippleside, which is traditionally one of Geelong’s most tightly-held suburbs.
To date, 29 properties have changed hands in Rippleside in 2021, with a waterfront property at 5 Helen St the most expensive at $2.35 million.
The suburb has a $921,000 median house price, which has risen 5 per cent in the past 12 months.
Meanwhile, a local buyer emerged with the contract for a renovated Edwardian house in nearby Geelong West.
Mr Falconer said three bidders had also contested that property at Saturday’s auction, before it sold for $1.38 million.
The three-bedroom residence at 175 Hope St was opposite Sparrow Park and offered two bathrooms and an open-plan kitchen, dining and living area overlooking a rear deck and backyard.
Originally published as Unrenovated Rippleside house delights family buyers
[ad_2]
