retro beach house

A retro beach house sells for $1.45m over its reserve price

PHOTO: A crowd estimated at more than 200 people witnessed the auction at 212 Mountjoy Parade, Lorne. Source: Supplied

A retro beach house that sold for $1.45m over its reserve price at a weekend auction has underscored Mountjoy Parade’s reputation as Lorne’s Golden Mile.

The four-bedroom house and separate two-bedroom flat was sold for the first time in 34 years at Saturday’s auction.

Great Ocean Road Real Estate, Lorne agent Ian Stewart said the 1030sq m property at 212 Mountjoy Parade, sold for $4.85m, the most expensive for a house on the strip.

212 Mountjoy Parade, Lorne.

212 Mountjoy Parade, Lorne. Source: Supplied

More than 200 people watched the auction, where five bidders traded 164 bids.

Mr Stewart said the auction moved quickly from the $3m opening bid and the property was announced on the market at $3.4m.

A crowd estimated at more than 200 people witnessed the auction at 212 Mountjoy Parade, Lorne.

A crowd estimated at more than 200 people witnessed the auction at 212 Mountjoy Parade, Lorne. Source: Supplied

He said the property offered an absolutely cracking location.

“It’s directly opposite the surfing point. If you had kids you’d be able to wave the tea towel when they were on a wave to signify that lunch was ready,” he said.

“You just look straight across the road at the drop-in zone.”

READ MORE VIA NEWS.COM.AU

MOST POPULAR