An original Torquay beach house will live to see another day after a Geelong family outbid three developers for the property, which beat price hopes by $300,000.
The three-bedroom, one-bathroom house, at 23 Central Avenue, sold for $1.4m at auction on Saturday.
A prime location 400m from Fishermans Beach drove competition from buyers looking to add value to the 613sq m block.
There was potential to build two townhouses side-by-side, subject to council approval.
But Barry Plant, Leopold agent Deane Hughes…