322 East Derwent Hwy, Geilston Bay is a 2 bedroom, 1 bathroom House with 3 parking spaces and was built in 1955. The property has a land size of 991m2 and floor size of 131m2. While the property is not currently for sale or for rent, it was last sold in January 2017.
This comfortable home is privately placed on an internal block opposite the Geilston Bay Recreation parklands. A neat home with generous proportioned rooms is awaiting new owners to come, renovate and reap rewards. Upon entry into a wide hallway you can see the potential. The floor plan consists of a separate lounge, separate dining and large kitchen with skylight, massive walk in pantry and excellent breakfast bar. Two generous sized bedrooms have excellent robes for storage. The bathroom has shower, vanity and 4 light tastic plus a separate toilet. Off the kitchen is the large laundry that accesses a concreted BBQ area with covered pergola - ideal for entertaining. Fully fenced level back yard with vegetable patch is ideal for children and family pets.
Situated on a level 991 sqm block this home may have potential for the development of Strata unit (STCA) or simply redevelop the existing home. Offering garden shed, 2 carports, single garage plus large workshop for the tradesman in the family.
Only a short stroll to the waterfront of Geilston Bay - 'Koomela Bay'. Close by is the Geilston Bay Boat Club, Venezia Italian Restaurant, waterfront walking tracks and recreation area all within a 15 minute drive (approx) to CBD
The size of Geilston Bay is approximately 7.3 square kilometres. It has 14 parks covering nearly 22.4% of total area. The population of Geilston Bay in 2011 was 3,181 people. By 2016 the population was 3,047 showing a population decline of 4.2% in the area during that time. The predominant age group in Geilston Bay is 50-59 years. Households in Geilston Bay are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Geilston Bay work in a professional occupation. In 2011, 82.5% of the homes in Geilston Bay were owner-occupied compared with 80.7% in 2016.
Geilston Bay has 1,653 properties. Over the last 5 years, Houses in Geilston Bay have seen a 54.13% increase in median value, while Units have seen a 30.33% increase. As at 31 October 2024:
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