THE suburb record in Corio has been smashed by more than $100,000 with a hidden treasure on 1623sq m of land being saved from developers.
The period home at 401 Princes Highway has sold, pending conditions, at the top end of the $750,000-$800,000 asking range.
The previous sale price record in Corio was $680,000 for 118 Matthews Rd in June, 2018.
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McGrath, Geelong agent Ross Bywater said the buyer was from Norlane.
“She just sold a character house on a big block in Norlane and knew the area well and wanted easy access to Melbourne for work,” Mr Bywater said.
“She loved that style which was a massive relief for the owners as they wanted to sell to someone that loves the property how it is and loves the history of it.”
Mr Bywater said there had been a lot of interest from developers and he thought it would sell to a developer.
“It turned out perfectly in the end,” he said.
The house, that wouldn’t look out of place in bayside Drumcondra, has remained hidden in plain sight for generations behind a tall fence.
The character home with three bedrooms, a formal loungeroom and an open-plan living area has pressed metal ceilings with decorative cornices, ornate fireplaces and polished Baltic pine floorboards.
There is also an enclosed entertainment area off the deck outside with bar and spa.
This is the first time the property has sold in nearly 25 years after being listed for sale in July last year.
The median house price in Corio is $366,000, a 25.4 per cent increase in the past year, according to CoreLogic.