The 2.02ha property at 10 Ross Rd, Batesford, sold for more than $1.7m.
A semi-rural, partly bush property that one day will be enveloped in Geelong’s westward residential expansion has been snapped up at a marathon auction.
The 2.02ha Batesford property sold for $1,711,500 at an auction where Maxwell Collins agent Duncan Skene accepted 131 bids before knocking down the property to the successful bidders.
The property at 10 Ross Rd sold for more than $200,000 above the agent’s $1.4m to $1.5m price expectations adjusted in the week prior to the auction.
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However the guide had been whittled down from a higher $1.9m to $2m guide stated earlier in the campaign.
The property was previously listed for sale in 2018 with a $750,000 price guide as a landbanking opportunity.
Mr Skene said three bidders contested the property, which featured a three-bedroom brick veneer house amid bushland and mature trees.
“We had three bidders there. It pretty much went from $1.3m up to there,” Mr Skene said.
“It’s five acres so close to town and it’s also a growth zone (to activate) at some point in time.
The 2.02ha property at 10 Ross Rd, Batesford, is minutes from the Geelong Ring Road and Geelong’s existing western suburbs.
The property is zoned for urban growth and will one day form part of the residential expansion in the Western Geelong Growth Area.
“I think their main motivation is to live there, but with the growth zone at some point in time they could look at that option.”
The location is near Bell Park Sports Club and minutes from the western outskirts of Geelong.
“It’s a really good location. This block had a little bit of bushland out the back, so you were feeling like you were wherever,” Mr Skene said.
“But it was quite a visible area and as so central to everything, the Ring Road, up to Ballarat and down the Surf Coast.”
The property offers substantial shedding.
Part of the property’s attraction was the house was still very liveable, Mr Skene said.
“Even though it was an older, more established home, it had a good garage and shedding as well, which interests some people.”
While the property offers immediate lifestyle benefits, it has an urban growth zoning and is part of the Batesford North precinct within the Western Geelong Growth Area
The semi-rural setting is surrounded by natural bushland, mature trees and abundant birdlife. The three bedroom house has a spacious lounge, original bathroom and a large laundry.
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