First-time solo buyer stoked at auction success

first_imgThe home at 8 Oxley St, Deception Bay.A highset home in Deception Bay has sold under the hammer. The property at 8 Oxley St sold for $315,000 at auction on Saturday, July 22. Marketing agent Kylie Loof of LJ Hooker Redcliffe said the three-bedroom, one-bathroom home on a 615sq m block attracted four registered bidders. Ms Loof said the auction kicked off with a bid of $280,000 and three of the buyers were actively vying for the property. “The auction progressed in $10,000 hits and finished at $315,000,” she said. Ms Loof said the successful bidder was a local man who planned to move into the well-presented property. More from newsLand grab sees 12 Sandstone Lakes homesites sell in a week21 Jun 2020Tropical haven walking distance from the surf9 Oct 2019“He was absolutely stoked,” she said. “He hadn’t bought a property on his own before and this was his first time bidding at auction. “The vendor was an investor and he was quiet happy with the results.” Ms Loof said not many properties went to auction in Deception Bay so when one did, it attracted interest.“We had a mixed bag of investors and owner occupiers looking at Oxley St,” she said. “The (Deception Bay) market has been predominantly investors recently but now that’s evening out. “We’re seeing interest for all properties but generally buyers are looking for proximity to the water. “And in Deception Bay you get more bang for your buck compared to Redcliffe.”last_img