4 Pleasure St, Torquay, offered for $3.41m at public sale.

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An authentic trees bungalow area on an old style quarter-acre block sparked a three-way contest between bidders at a Torquay public sale.

A neighbour ended up the a hit bidder for the valuables at 4 Pleasure St, which offered for $3.41m below the hammer on Saturday.

McCartney Actual Property Torquay auctioneer Geoff Bennett mentioned the valuables was once being introduced to the marketplace for the primary time in additional than 100 years.

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Measuring 1011sq m, together with a 20m frontage, it was once transparent that the land dimension was once the important thing part up for pageant.

4 Pleasure St, Torquay is surrounded by means of houses which were evolved as new homes or townhouses.

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The valuables is strolling distance to a number of seashores.

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Bidding began at $3m and persevered with two bidders till the brokers showed the valuables was once available on the market at $3.25m, on the backside finish of the $3.2m to $3.4m vary.

The 3rd bidder entered the race at $3.3m as a flurry of $10,000 bids driven the fee as much as its conclusion.

Promoting agent Tim Carson showed that the neighbour had secured the valuables.

4 Pleasure St, Torquay, offered for $3.41m at public sale.

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The home is surrounded on both sides with new construction of each homes and townhouses.

Mr Bennett mentioned the positioning was once the important thing promoting level of the valuables, which was once close to the Bell St buying groceries centre and Snug Nook seaside.

“It’s inside of a strolling distance of the whole thing that Torquay is legendary for, together with probably the most best possible and most secure seashores within the nation,” he mentioned.

“Pleasure St is up there with the perfect when making an allowance for longer term actual property funding.”

Pleasure St, Torquay distributors Colin, Karen and circle of relatives and McCartney Actual Property promoting agent Tim Carson after Saturday’s public sale.

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The four-bedroom area has stood for generations with options together with a loft-bedroom, or find out about, a eating house with a fantastic mantel and open hearth and a snug living room with huge home windows overlooking the entrance veranda and lawn.

A rear deck is partly lined and overlooks the deep yard which Mr Bennett mentioned was once sufficiently big for a right kind recreation of yard cricket.

A towering gum is a landmark characteristic close to the again of the block.

Torquay has a mean area worth of $1.25m, in keeping with PropTrack information.