First home buyers and investors formed a crowd at 2/44 Warren Road Cheltenham a two bedroom renovated villa unit.
The bidding was a little slow to start with but auctioneer Tom Grieve placed emphasis on the opportunity close to Southland, parks and local schools as a great place to enter the Cheltenham real estate market.
The bidding reached $490,000 and the property was sold to a first home buyer. Auctioneer Tom Grieve said that with interest rates at an all time low it makes more sense to buy and create wealth in a property than pay the mortgage for someone else through renting something.
If you are planning a sale in Cheltenham or the bayside area give Tom a call he has called bayside for over 20 years!