NUMBER 17 Beacon Court, Inverloch, was listed for sale at public auction for Saturday, December 1, but it sold before the date for almost $900,000.
Alex Scott & Staff Inverloch reported strong interest in the property, previously known as No.17 Beach Avenue West, Inverloch.
Superbly located, it enjoys 1800sqm of native vegetation including black peppermints and needs renovating.
The property was previously sold at auction in 1988 for a then record price above the reserve.
Auctioneer Dennis Ginn sold it for $195,000. The reserve was $125,000.
The marketing campaign for the then recently constructed two storey residence attracted considerable interest.
More than 100 potential local and out of town buyers inspected the property.
Dennis believes that No 17 Beacon Court generates higher values due to its outstanding location and the natural setting.
The large trees and the access complete the picture. The property, as is the case with many in the area, are encumbered by a single dwelling covenant set by Frank Abbott Esquire in 1925.
Dennis says that the covenant was a visionary master stroke, that has provided for the retention of the natural environment, alleviating pressure of development by way of townhouse, unit or dual occupancy development.
“Most of the blocks on the western side of the town and east of Florida Avenue have this covenant in place.
“Frank Abbott’s vision has demonstrated yet again, the value that the local real estate market places on this unique area,” Dennis said.
No 17 Beacon Court was listed for sale by the office of Alex Scott & Staff Inverloch.
The experienced sales team of Dennis’ sister Jo Ginn, Marni Redmond and Helen Foster, generated nearly 50 enquiries.
There were no less than six separate offers submitted to the vendor for consideration. The property has been sold prior to auction for nearly $900,000.
The solidly built home is full of personality.
The property offers a substantial coastal retreat while providing exceptional accommodation for those seeking a permanent home or holiday house.
Only minutes to the beach, the property enjoys attractive while private street presence
characterised by its high-pitched roof set amidst a simply beautiful established landscape.
The layout reveals open plan living and dining, divided by a commanding fire place on one side and Rayburn fuel stove on the other, flowing easily to the well-equipped kitchen.
The north facing living and dining spaces link to the paved pergola area overlooking the pond and further into the deep garden to the creek.
On entry level is a bedroom or study plus laundry and shower and toilet facilities.
The upper level offers three bedrooms, central bathroom and separate toilet while another room can easily be reconverted to an en-suite if desired.
The property features an undercover area for up to four cars or space for a boat, caravan or trailer.
A wood shed, chicken run and further enclosures offer flexible options. The home features cedar windows, deep set strong beams, Baltic pine flooring on the upper level, brick flooring on the entry level, thick solid walls plus mains gas for cooking, heating and hot-water.
It is a very special block within peaceful and atmospheric environment.