Old Torquay home smashes reserve by $200,000

Auction: 23 Pride St, Torquay sold for $2.4m. The sellers of a substantial old-Torquay property one street from the town’s main beach, will pocket a $200,000 bonus after it was snapped up at a hotly contested auction. Several bidders raised their hands for the 1004sq m property at 23 Pride St, which sold for $2.4m in front of a crowd of about 80 onlookers. The property holds a four-bedroom mid-century brick veneer house that’s most likely to make way for a new development that will be designed to make the most of the position within the tightly-held waterfront residential neighbourhood. RELATED: Savvy vendor’s price strategy beats sluggish market Star AFL recruit’s huge $3.3m move Swiss trip inspires $3.3m hemp farmhouse Hayden Torquay agent Ben Greenwood said the bumper sale price was $200,000 above the reserve set for the property and revealed to potential buyers ahead of the auction. Mr Greenwood said joint venture buyers that secured the property included a Torquay and out-of-town party. “It was a great result. A big quarter-acre block in old Torquay one block off the beach always attracts some good attention,” Mr Greenwood said. “It drew a lot of attention. We had a lot of peo...