Couple snaps up Newtown bungalow with plans to renovate and add value

The three-bedroom house at 51 George St, Newtown, sold for $1.03m. A young couple was quick to act as a character home offered an entry level into a blue chip Newtown pocket with the opportunity add value. The three-bedroom house at 51 George St, spent a little over two weeks on the market before the couple snapped up the home for $1.03m. Whitford, Newtown agent Heidi Trempel listed the 493sq m property with price expectations from $1.05m to $1.1.m. RELATED: Work set to start at Newtown riverfront development Geelong home prices rally to defy capital city slump Hidden luxury inside classic Californian bungalow Ms Trempel said the seller, who paid $480,000 for the home in 2007, was moving to Melbourne to be closer to family. “When you put something on (the market) like that in Newtown, you hope and expect that it will be something that will get picked up quickly,” Ms Trempel said. “And that was. It was a young couple who we kind of thought might get it, as in the demographic – young couples wanting to put their own stamp on it. The kitchen, dining and living zone forms an open-plan space at the rear of the house. The three-bedroom house at 51 George St, Newtown, sold for $1.03m. “Th...