Renovated Hamlyn Heights home defies cooling auction market

5 Pride Ave, Hamlyn Heights, sold under the hammer at a hotly contested auction. Four bidders created a rare auction buzz around a renovated Hamlyn Heights home that sold near the top of the range. First-home buyers undeterred by last week’s interest rate rise secured the four-bedroom house at 5 Pride Ave for $925,000, in a result that bucked the city’s weak clearance rate. Jellis Craig Geelong agent Ryan Shelley said the agency was confident from the start that the well-presented 600sq m property would attract competition if priced correctly. RELATED: 1960s McGlashan Everist home gets luxury makeover Geelong defies slump as house prices lift Batesford backyard sells for record price “We had a feeling we were going to have a couple of bidders on the day and obviously it’s been a while since we’ve had four bidders and some really spirited bidding,” Mr Shelley said. “To be able to sell under the hammer without even having to pause the auction in the middle, it’s been a few years since we’ve been able to do that.” He said 50 groups, a mix of families and first-home buyers, inspected the house, which was advertised for $850,000 to $930,000. The vendors had renovated in the past few yea...