A buyer has avoided future FOMO after snapping up a Newtown property with plans to move in down the track.
The former Geelong resident outbid a young local family for the keys to the three-bedroom, two-bathroom house at 31 Read Street.
The man paid $860,000 for the 580sq m corner block directly opposite Elderslie Recreation Reserve.
Buxton agent Ben Riddle said the “hidden gem” presented a good opportunity for someone to come in at entry level for Newtown and put their own stamp on the weatherboard home.
“It was fought out between a fellow looking to relocate back to Geelong in a year or two but wanted to buy in now,” Mr Riddle said.
“He will rent it out for a while.”
He said the home had character appeal and was close to schools and the Minerva Road and Shannon Avenue shops.
The floorplan includes two living rooms, a neat timber kitchen, home office and a main bedroom with an ensuite bathroom and built-in wardrobe.
A double garage at the rear is accessed off a side street.
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