Renovation adds more than $200K to value in East Geelong
A WELL-TIMED renovation in Geelong’s booming property market has seen the price of an East Geelong property jump by more than $200,000 in just over 12 months.
The Art Deco house at 396 Ryrie St sold at auction for an undisclosed figure above the quoted range of $679,000-$739,000.
It had only changed hands in April last year for $520,000.
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Hayeswinckle, East Geelong agent Adam Murphy said three bidders put their hand up on the day.
To his surprise one of them was a first-time visitor to the property who ended up losing out to an East Geelong couple looking for an investment close to home.
Mr Murphy said proximity to the city and the design of the three-bedroom house were the main attractions.
“It was Art Deco, built in 1933, and had a lot of nice wooden features and decorative ceiling roses and it had lovely rear access,” he said.
The house, opposite Geelong High School, has an open-plan dining and loungeroom, updated kitchen and a second living area flowing out to a deck.
Originally published as Price of Art Deco house jumps $200K