Winning formula repeated next door as buyers scramble for renovated unit at auction

Buyers loved the renovation of 1/376 Autumn St, Herne Hill, which sold at auction on Saturday.

Serial Geelong renovators have again struck gold after selling their latest project — a funky two-bedroom unit in Herne Hill.

A little over a year after their revamped one-bedroom unit at 2/376 Autumn St, Herne Hill sparked bidding frenzy, the vendors have repeated their success next door.

Buxton agent Scott Roncon said the larger two-bedroom unit at 1/376 Autumn St sold for $419,000 at auction on Saturday.

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He said result was well above the $390,000 reserve and reflected the strong interest the renovation generated throughout the campaign.

“We ticked over 100 groups through in the end,” Mr Roncon said.

“We had three bidders and then we had another three bidders that did not get a chance to try.”

The new-look living area.

The bathroom.

The purchaser, who is moving from Bendigo to be closer to family, beat two first-home buyers for the corner brick unit.

The vendors have struck a winning formula with their modern interior transformations that include timber floors, crisp white interiors and matt black fixtures.

With this two-bedroom unit they have created an open-plan living area with a sleek modern kitchen that incorporates a European laundry, a renovated central bathroom and a landscaped outdoor entertainment area with a built-in barbecue.

This bedroom is a flexible space.

The private courtyard has lots of space for entertaining.

Storage is incorporated into both bedrooms.

Mr Roncon said the result delivered a handy profit on the 1970s unit, which last traded for $225,000 in December 2018, according to CoreLogic.

The neighbouring 2/376 Autumn St also beat price hopes when it sold for $319,500 in December 2018.

Mr Roncon said the units were a cut above typical stock in Herne Hill.

“There’s nothing to compare it to,” he said.