Historic Newtown hill estate Soho sells for close to $5m in quick deal

A near-$5m sale in the blue ribbon Newtown Hill neighbourhood underlines the level of confidence in the value of homes in the top echelon of Geelong’s prestige property market.The six-bedroom home at 25 Mercer Parade, Newtown, has sold for $4.8m.Wilsons Geelong agent James Wilson brokered the $4.8m sale of Soho, a 1710sq m Mercer Parade property across two separate titles.The fine classic six-bedroom brick bungalow showcases stucco render and detailed brickwork amid established, structured gardens.RELATED: Newtown trophy home raises record price for Geelong‘Worst house’: Rundown property targets $1.05mStorybook Otways property listed with huge catchThe sale was wrapped up the same week that Newtown landmark Raith set a $6.8m record price for the suburb.Mr Wilson said the home attracted significant interest when it was offered to buyers prior to going on the market.“We did have a pretty concerted direct marketing campaign prior to going publicly to the market. The successful purchaser ended up being identified through that period,” he said.Mr Wilson said buyers saw the superior position of the Newtown hill location and the flexibility of the two titles making a big difference.The si...