Demand for a house on a 10ha Otway hinterland bush block was so strong that real estate agents cut short the campaign after two weeks and sold for $270,000 above price hopes.
The lifestyle property at 150 Thielemanns Road, Gherang, sold for $1.28m.
Richardson, Newtown agent Matt Poustie said more than 70 groups visited the property at two inspections — an incredible number for a rural property — and more than six offers were presented when the campaign closed on May 6, nearly a month ahead of schedule.
“The end buyer was Geelong based and he’s looking at a lifestyle change and a mixture of bush and being close to Geelong,” Mr Poustie said.
“We did have a lot of interest from Melbourne. Gherang and surrounds has really come onto the radar in the past 18 months to two years.
“Prior to that there was a large focus on Freshwater Creek, Mount Moriac, Paraparap. Those rural lifestyle pockets.
“Now there is more of a highlight on Deans Marsh, Gherang or Wurdiboluc. They are more of a focal point than they were.
“Gherang has such a fantastic blend of bush and being close to the Surf Coast and Geelong.”
Mr Poustie said 90 per cent of the property with bushland, with some paddocks ideal for horses.
The three-bedroom brick veneer house had large picture windows peering into the bush surrounds, plus a separate bungalow and bush campsite.
Two dams and about 60,000l of tank water supplied the property, which had a five-bay machinery shed, workshop and double garage with a concrete floor.
“The buyers are seeing good value and they’re happy to look a bit further afield,” he said.
“Gherang is a bit more rustic, more trees because it backs onto the forest.
Thirteen properties changed hands in Gherang in 2020, with three selling so far in 2021.
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