The value of a lake view underscored strong interest in a central Lara property with a prime front row position that commanded a premium.

A short campaign netted a North Geelong buyer who paid $860,000 for the four-bedroom house in the prized Lakelands precinct.

The sale price landed $11,000 above the $799,000 to $849,000 price guide for 18-20 Rubena Cres.

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Location was the key to 18-20 Rubena Cres, Lara, selling above expectation.

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Ray White, Lara agent Terry Cleary said the scarcity of such listings spurred early competition.

It was the first time the 621sq m property had been offered in almost 20 years.

“We had a flurry of activity around it when we hit the market,” Mr Cleary said.

“A home like this, they are few and far between and, I guess, it’s location is a pristine, premium location.

“You’ve got views of the Lakelands there, it’s walking distance to the shopping centre and the schools and the like and it was a quality home.”

The formal loungeroom has a gas fire has its centrepiece.

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Lakelands views are on show in the living room.

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The covered outdoor entertainment area is a sheltered spot.

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He said many of Lara’s newer estate, such as Grand Lakes and Coridale included waterways, but the advantage of Rubena Cres was its central “old” Lara location.

The immaculate brick house is positioned on a corner block opposite the Lara Lake Reserve and surrounding walking trails.

With a wraparound veranda creating a classic facade, the interior offers two living rooms with wetland views linked by French doors, a main bedroom suite and a double garage.

The formal lounge has a gas log fireplace with a stone mantel, while the open-plan kitchen, dining and living zone links to a covered outdoor entertainment area.

“It has been lovingly maintained,” Mr Cleary said.