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Sold on 09 Sep 2023 for $275,000

28 Paradise Circuit
Armstrong Creek VIC 3217

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 217m2
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Property Details for 28 Paradise Cct, Armstrong Creek

Building Type
Land
Land Size
217m2
Local Government
Greater Geelong
Lot/Plan
208/PS905698

Last Listing description (September 2023)

Nestled within the esteemed Banksia Estate, this 217sqm lot offers a remarkable opportunity for aspiring first home buyers and shrewd investors alike. With its strategic location near the Village Warralily Shopping Centre, this lot presents the perfect blank canvas to craft your dream home or a lucrative investment property.

Location Advantages:
Situated in the heart of Banksia Estate, this lot enjoys a prime location that seamlessly blends convenience and tranquility. The close proximity to the Village Warralily Shopping Centre ensures easy access to a range of retail, dining, and entertainment options, catering to both daily needs and leisurely pursuits.

First Home Buyer's Paradise:
For first home buyers looking to take their initial steps into the property market, this lot offers an exciting opportunity. With ample space for a comfortable residence, this blank canvas allows you to design and build your first home exactly as you envision it. The manageable size of the lot ensures cost-effective construction while providing room for essential amenities and a cozy yard.

Investor's Gem:
This lot also holds immense appeal for budget-conscious investors seeking strong rental returns. The potential to build a low-maintenance home makes it an attractive choice for tenants looking for convenience and modern living. With a strategic approach to design and development, this property can become an asset that yields consistent rental income and appreciates in value over time.

Family-Friendly Haven:
Families with school-aged children will appreciate the abundance of educational options near this lot. With both primary schools and high schools in close proximity, parents can rest assured that their children will have access to quality education without the hassle of long commutes. This family-friendly environment fosters a sense of community and support for growing families.

Secure your stake in this vibrant community and capitalize on the promise it holds. Enquire today to make your property aspirations a reality.

*All information offered by Armstrong Real Estate is provided in good faith. It is derived from sources believed to be accurate and current as at the date of publication and as such Armstrong Real Estate simply pass this information on. Use of such material is at your sole risk. Prospective purchasers are advised to make their own enquiries with respect to the information that is passed on. Armstrong Real Estate will not be liable for any loss resulting from any action or decision by you in reliance on the information.

Property History for 28 Paradise Cct, Armstrong Creek, VIC 3217

A timeline of how this property has performed in the market
Last Sold
$275,000
09 Sep 2023
  • 09 Sep 2023
    Sold for $275,000
  • 11 Aug 2023
    Listed for Sale $275,000-$290,000
  • 22 Apr 2022
    Sold for $253,000
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About Armstrong Creek 3217

The size of Armstrong Creek is approximately 18.7 square kilometres. It has 2 parks covering nearly 6% of total area. The population of Armstrong Creek in 2011 was 353 people. By 2016 the population was 4,237 showing a population growth of 1100.3% in the area during that time. The predominant age group in Armstrong Creek is 30-39 years. Households in Armstrong Creek are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Armstrong Creek work in a professional occupation. In 2011, 88.5% of the homes in Armstrong Creek were owner-occupied compared with 73.1% in 2016.

Armstrong Creek has 9,706 properties. Over the last 5 years, Houses in Armstrong Creek have seen a 24.82% increase in median value, while Units have seen a 20.37% increase. As at 31 July 2024:

  • The median value for Houses in Armstrong Creek is $693,022 while the median value for Units is $711,088.
  • Houses have a median rent of $510 while Units have a median rent of $480.
There are currently 116 properties listed for sale, and 27 properties listed for rent in Armstrong creek on OnTheHouse. According to CoreLogic's data, 567 properties were sold in the past 12 months in Armstrong creek.

Suburb Insights for Armstrong Creek 3217

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Victor Das
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Alfritz Toledo
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Armstrong Real Estate
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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.