Sellers take big pre-auction offer on blue chip Newtown house

32 Aphrasia St, Newtown, sold for $1.43 million.

Sellers of a house in a blue chip Newtown neighbourhood have snapped up an early offer that was $40,000 above their price hopes.

The grand weatherboard house at 32 Aphrasia St was sold earlier this week to buyers from Herne Hill who agreed to pay $1.43 million for the 879sq m property.

Hodges, Geelong West agent Jeff Begg said the sellers jumped at the offer, given the uncertainty brewing in the property market amid the COVID-19 global pandemic.

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“We sold prior for two reasons,” Mr Begg said.

“One, it as an awesome offer and secondly the sellers were aware of the climate we are in at the moment.”

32 Aphrasia St, Newtown, sold for $1.43 million.

The property was scheduled to be auctioned on April 4, with a guide of $1.29 million to $1.39 million.

“There’s urgency among buyers at the moment,” Mr Begg said.

“Those that have been active in the market for the past few months are snapping up what we’ve got because you might find in the next three or four months that stock levels could be low.”

32 Aphrasia St, Newtown, sold for $1.43 million.

Mr Begg said the buyers were upsizing from Herne Hill.

The stately period home occupies a big block metres from Newtown’s Geelong College and Sacred Heart College campuses.

The house has two living areas, four big bedrooms and abundant outdoor space.

The light-filled kitchen, dining and living zone at the rear of the house spills out to a substantial north-facing deck.

32 Aphrasia St, Newtown, sold for $1.43 million.

Substantial updates had been completed to the house which had previously sold for $990,000 in 2011.

Newtown’s median house price has been steady compared to the same time at $842,500, according to Hometrack data.