Uninhabitable home snapped up
A JOHN Street home that was hammered by Cyclone Marcia has sold at auction for a record $64,000 above its reserve price.
Yeppoon Real Estate Property agent Anna McPherson said the result was a sure sign of the positive move in the Capricorn Coast's property market.
"This property was uninhabitable. It has been sitting idle for quite some time prior to the owner's decision to list it for sale,” Ms McPherson said.
"Property agent Adam Cook and I marketed it for a period of four weeks prior to the auction last week.
"We had 24 bidders in all and there were still three bidders right up to the $250,000 mark.
"The property generated a lot of interest, with a lot of spectators present for the auction as well as the bidders.”
The one-bedroom, one-bathroom house sold for $264,000 at an on-site auction in John St, Yeppoon.
Ms McPherson said the winning bidders, from Rockhampton, were thrilled to have the winning bid as they had expressed interest in the property very early on.
"With Yeppoon generally having a very low auction clearance rate, we were very proud of the result,” she said.
"Overall it was a great turnout, an amazing result and very happy buyers and sellers.
"We have witnessed a very competitive interest for the lower end of the market in the past month.
"Any properties with sensational sea views are also selling particularly well right now.
"Spring is traditionally a very good time for a spike in the property market and right now I think owners are being more realistic about market value.”
Ms McPherson said she anticipates the market to lift considerably when projects such as GKI Resort are up and running.
John Street facts
- The house is in a CBD location, less than a minute's walk to the beach or town centre.
- 22.1m frontage.
- Elevated 44sq m allotment.
- House was last sold in 1999 for $125,000 and for $135,000 in 1996.