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The Geelong townhouse jumps $ 110,000 in 18 months when a young couple picks up the keys at an auction :REAL ESTATE

Tim and Lena Mossop bought a modern town house in Richmond Court, Geelong, on Saturday.

A couple was excited after buying a modern townhouse in central Geelong on Saturday.

Tim and Lena Mossop overtook two other bidders to secure the contemporary three-bedroom residence at 2/4 Richmond Court at auction.

Ms. Mossop was incredulous after the auction when she bought the 266 m² property near Geelong’s hospital district for $ 810,000.

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Mr. Mossop was the first bidder to submit an offer on Saturday, and remained calm when two others took part in the race, including an agent offer over the phone.

“We will settle here. It is beautiful, we love this area,” said Mossop.

“We rented on Swanston Street and were already in Manifold Heights, but we fell in love with the area.”

2/4 Richmond Court, Geelong, was auctioned on Saturday.

McGrath, Geelong auctioneer Will Ainsworth, started the auction for the two-story townhouse with a bid of $ 680,000.

Mr. Ainsworth called it when the price peaked at $ 800,000.

The residence is part of a block of three in the courtyard behind Richmond Oval and is within walking distance of South Geelong train station and a variety of cafes nearby.

2/4 Richmond Court, Geelong, was auctioned on Saturday.

The vendors had pulled $ 700,000 off the plan for the 18-month-old house with wood and metal cladding, CoreLogic Records shows.

Stylish flagstones highlight the kitchen, part of the living area on the ground floor, which opens into a sunny outdoor entertainment area.

Mr. Ainsworth said that sophisticated maintenance meant buyers were moving into a brand new home.

2/4 Richmond Court, Geelong, was auctioned on Saturday.

“These properties were recently built from scratch,” he said.

“You are at a dead end, but if you go out on the main road there you are on a main road in the center of Geelong.

“That’s what I like about these little bags on the main thoroughfares – they are there, but they are far enough away not to be there.

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