Premium Newtown knockdown rebuild project sells in one week

This four-bedroom house at 80 Balcombe Rd, Newtown, sold after just a week on market. A savvy vendor who got on the front foot by lowering price expectations for their luxury Newtown home before listing has beaten Geelong’s sluggish premium market. Her contemporary knockdown-rebuild project at 80 Balcombe Rd sold in a week after attracting two offers. Whitford, Newtown agent John Moran said he could not comment on the sale price, but confirmed a young local family had purchased the property in a prized pocket opposite the Barwon River. RELATED: Renovated McGlashan Everist house listed for $4.2m ‘Not going to budge’: Newtown buyers win eight-week standoff Former Lara bank branch sparks bidding war The two-storey residence clad in recycled red bricks and steel replaced an original two-bedroom weatherboard house on the 613sq m block. It had been listed for circa $2m. Mr Moran said the sale highlighted that even in today’s challenging high-end market, top notch properties that were priced right continued to attract serious buyers. Polished timber floors and a timber bench feature in the open-plan living zone. Custom cabinetry features throughout. “It was obviously a really high-end bui...