FOR SALE
$495,000 - 525,000

9/209 Melbourne Road
Rippleside VIC 3215

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Improve this data
Inspection Times
No upcoming inspections scheduled.
Contact agent to arrange an inspection.
Share
Save

New York loft living and a 6% rental yield!

Located in a prized bayside setting, this two-bedroom apartment promises to upgrade your lifestyle!
Originally a former primary school, this building has undergone an extensive renovation while retaining its original charm. A private flight of stairs leads to the front door, where the open-plan living/dining/kitchen zone welcomes you inside. This living zone creates a generous setting for everyday enjoyment, with a pitched ceiling evoking a light and breezy ambience. You’ll love that sash windows add a touch of character throughout the home.
The kitchen takes care of all your cooking needs with a built-in pantry, stainless steel dishwasher and cooking appliances (oven, induction cooktop, rangehood). The lower level is home to a bedroom with mirrored built-in robes, a bathroom and a large study. Upstairs, the second bedroom creates a cosy retreat with built-in robes and a skylight. A split-system air conditioner provides comfort. Outside, the stairs feature two balconies, where you can sit back and soak up the afternoon sunshine. Dedicated parking is provided for one vehicle.
This superb location will instantly appeal to young couples and professionals. The North Geelong Train Station is within walking distance for Melbourne commuters, with local cafes inviting you to grab your morning coffee on the way. A short stroll will find you at St. Helens Park, where you can relax under the leafy shade or enjoy a dip in the water. Local sporting grounds and Rippleside Park are also within walking distance, with the esplanade walking trail connecting you to Western Beach and the picturesque Waterfront.
For the investors, our team estimates a rental return of $445 - 475pw on the rental market. With its quirkiness, single entrance, privacy, and location, this property is an ideal short-term rental investment to add to, or kick off your investment portfolio.
Currently rented as a short-term rental on AirBnB, the property is achieving, on average, $2700 per month, a whopping 6% return.
Short-stay information can be sent to interested parties upon request.
View Statement of Information

Property Details for 9/209 Melbourne Rd, Rippleside

9/209 Melbourne Rd, Rippleside is a 2 bedroom, 1 bathroom Apartment with 1 parking spaces. The place is currently for sale with REAL ESTATE GEELONG PTY LTD.

Building Type
Apartment

Commute Calculator

About Rippleside 3215

The size of Rippleside is approximately 0.5 square kilometres. It has 4 parks covering nearly 22.8% of total area. The population of Rippleside in 2011 was 2,395 people. By 2016 the population was 887 showing a population decline of 63.0% in the area during that time. The predominant age group in Rippleside is 60-69 years. Households in Rippleside are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Rippleside work in a professional occupation. In 2011, 63.5% of the homes in Rippleside were owner-occupied compared with 74.7% in 2016.

Rippleside has 682 properties. Over the last 5 years, Houses in Rippleside have seen a 41.56% increase in median value, while Units have seen a 35.02% increase. As at 31 July 2024:

  • The median value for Houses in Rippleside is $732,393 while the median value for Units is $616,194.
  • Houses have a median rent of $578 while Units have a median rent of $545.
There are currently 1 property listed for sale, and 2 properties listed for rent in Rippleside on OnTheHouse. According to CoreLogic's data, 30 properties were sold in the past 12 months in Rippleside.

Rippleside Profile Page

Suburb Insights for Rippleside 3215

Visit Rippleside profile page
Market Insights
Rippleside Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value over 1 year
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Rippleside Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value over 1 year
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Visit Rippleside profile page
Contact agent
Emilly Simmonds
Show contact details
Call agent
REAL ESTATE GEELONG PTY LTD
Preferred contact:
Privacy Policy
CoreLogic Copyright and Legal Disclaimers about Property Data

© Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.

Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.

This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.

X

GETTING STARTED