A three-bedroom home in Geelong West has achieved a significant sale price of $1.225 million following an extensive renovation. The property, located at 17 Mowat St, was auctioned over the weekend and attracted considerable interest, ultimately selling above its estimated range of $1.15 million to $1.25 million.
The original 1950s brick house, measuring 527 square meters, was last sold in 2017 for $445,000. Since then, the owners have invested approximately $125,000 into a rear extension and renovations. According to Marcus Falconer, an agent with Jellis Craig Geelong, the property was secured by a buyer from Kensington after a competitive auction that involved three bidders.
Renovation Details and Buyer Appeal
The home was marketed as a blank canvas before the renovations, which included a modern open-plan layout. The rear extension introduced a spacious kitchen, dining, and living area that seamlessly connects to an outdoor deck overlooking a deep backyard. Falconer noted that the north-facing garden proved to be a major selling point for potential buyers.
“Probably the key attributes were the 526 square meter north-facing backyard, a really private tranquil location, and a very well thought out design. It was a good home,” Falconer said. The interior boasts high ceilings, solid American oak floors, and custom glazing, with a vaulted ceiling enhancing the rear space. The kitchen features a Smeg 900mm freestanding cooker and a Bosch dishwasher, positioned as the centerpiece of the home.
The three-bedroom accommodation area includes renovated bathrooms, walk-in and built-in wardrobes, and offers a peaceful garden outlook from the main bedroom.
Sustainability Features and Market Context
In line with modern sustainability trends, the property includes Low-E windows, a 7kW solar system, and electric vehicle charging capabilities. Additionally, there is off-street parking secured by electric gates.
According to data from PropTrack, the median house price in Geelong West has risen to $850,000, reflecting a significant increase of 16.6 percent over the past five years. This latest sale highlights the potential for value addition in the local real estate market, particularly through thoughtful renovations.
The successful auction of 17 Mowat St illustrates the ongoing demand for well-renovated properties in desirable locations, setting a precedent for future home improvements in Geelong West.
