![AMAZING RESULT: Brian Hancock auctioning a beachside two-bedroom city property with open-plan living, sunroom and bungalow on a 615-square metre site. Picture: Anthony Brady. AMAZING RESULT: Brian Hancock auctioning a beachside two-bedroom city property with open-plan living, sunroom and bungalow on a 615-square metre site. Picture: Anthony Brady.](/images/transform/v1/crop/frm/JacksonGraham/33808174-808f-4eec-a7b8-798f92e44710.jpg/r0_0_5125_3417_w1200_h678_fmax.jpg)
A beachside Warrnambool property has sold for $184,000 above its reserve at an auction on Saturday.
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The two-bedroom Patricia Street cottage sold for $584,000 to a Warrnambool couple after more than 45 bids.
The hotly contested auction had six bidders, four from regional Victoria and two phone bidders from Melbourne.
Bids started at the property's $400,000 reserve price and increased in $20,000, $10,000 and smaller increments until narrowly rising in $1000 bids.
![Crowds showed up to a Patricia Street auction on Saturday, where six bidders vied for the property. Picture: Anthony Brady Crowds showed up to a Patricia Street auction on Saturday, where six bidders vied for the property. Picture: Anthony Brady](/images/transform/v1/crop/frm/JacksonGraham/455cc83b-01d4-4b83-a4ea-a5b83ded10af.jpg/r0_239_4671_2876_w1200_h678_fmax.jpg)
"A young Warrnambool family purchased it, they were exceedingly happy and they chased it right down to the finish," Brian O'Halloran & Co's Brian Hanock said.
"The situation where it is close to the Granny's Grave track, close the esplanade and the beach; that was a big telling factor."
Mr Hancock said both parties were pleased with the result. He said given Warrnambool's tight housing market he wished there were more properties on the market like it.
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