The four-bedroom house at 347 Shannon Ave, Newtown, sold for $1.5m.
New owners are going to take a landmark former Newtown residence converted for an aged care respite service full circle after purchasing the property.
The Brotherhood of St Laurence had listed the substantial four-bedroom house on a 1266sq m property at 347 Shannon Ave, Newtown.
The property sold last week for $1.5m, having gone to auction in early February with $1.75m to $1.9m price hopes.
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The home held on to plenty of original features, such as leadlight windows and brick fireplaces.
Gartland Geelong agent Will Ainsworth said the buyers want to convert it back to a residence.
“They’ve bought it to do a renovation and move into it and enjoy it as a family home, which is a really nice story.
The intersection of Shannon Ave and Noble St is one of the city’s grandest, with period homes on each corner that are close to the suburb’s private schools.
“They’re all fairly stately and they really like the grandness of the property and what it’s original features were and hopefully will be when they bring it back to life.
“Plus the land size is really advantageous, given that they may want to do an extension down the track.”
Mr Ainsworth said the buyers’ interest in the property emerged after the property went to auction where there was no bidding.
Garden surrounds the front of the house.
The large landholding was a plus on the corner site.
Many buyers were turned off by the busy street, but Mr Ainsworth said the result
“It’s an incredible opportunity for them to get over 1000sq m in Newtown with a fairly stately character home it for $1.5m. I think that’s a really good acquisition for them.”
Heritage documents reveal the home was built around 1923.
The home has been used as an aged care respite service for Gen U.
The house retains leadlight windows and high ceilings, with a large living and dining room overlooking that gardens.
The kitchen has two built-in pantries, a stainless-steel dishwasher and 900mm cooker.
There are two bathrooms serving four bedrooms, three with built-in wardrobes an one with a north-facing sunroom.
