Newtown ‘fairytale’ house sells for first time in 47 years

Auction of 4 Miles St, Newtown

Winning bidders Chris and Bridget Demase with Molly, 5, and Darcy, 4. Picture: Mike Dugdale

A young family got its fairytale ending after snapping up an enchanting Newtown period home that will be its ticket out of Melbourne.

Chris and Bridget Demase beat two other hopefuls at Saturday’s auction to become just the second owners of 4 Miles St in 47 years.

They paid $1.73 million for the imposing four-bedroom house, a circa 1929 beauty that’s undergone eight renovations since it last sold in 1974.

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Auction of 4 Miles St, Newtown

McGrath, Geelong agent Jim Cross congratulates the winning bidders. Picture: Mike Dugdale

The couple said the house felt like something out of a fairytale.

Mrs Demase said their children Molly, 5, and Darcy, 4, had already picked out their bedrooms in anticipation.

“We are moving from Melbourne down here and we’re so excited,” she said.

“The first time we looked at it we just felt like it was our house.

“It’s like a fairytale house. I can imagine the kids coming down on Christmas morning, I think we’ll be here for a long time.”

The open-plan living zone overlooks the pool and hedged backyard.

A golden maple shades the backyard in summer.

The elevated two-storey home is in one of Newtown’s most tightly held pockets and has views across Geelong from the first floor.

Formal and informal living rooms provide spacious surrounds on the ground level, where the main family hub has french doors out to a swimming pool and outdoor entertainment area.

Bidding opened at $1.45 million at Saturday’s auction but stalled at $1.7 million before the buyers agreed to raise their offer to $1.73 million after discussions with McGrath, Geelong listing agent Jim Cross.

Auction of 4 Miles St, Newtown

Saturday’s auction crowd lines the street.

Mr Cross said the vendors had raised their own family at the home and it was great to see the tradition continue.

He said the house combined the charm of yesteryear with modern living, which appealed to buyers.

High-end Miele and Gaggenau appliances in the kitchen and a built-in barbecue and open fire on the deck are among more recent improvements.

The kitchen has Corian benchtops.

You can see St Mary of the Angels Basilica and GMHBA Stadium from the top floor.

During the campaign Mr Cross said quality family homes in Newtown were in short supply, with Melbourne buyers driving demand.

“Whereas in the past we have had 25 to 35 per cent of our market from Melbourne, now we are seeing 60 per cent Melbourne buyers,” he said.

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