SOLD
Sold on 18 Jun 2024 for $565,000

42 Settlement Road
Belmont VIC 3216

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 185m2
Land area: 735m2
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Property Details for 42 Settlement Rd, Belmont

42 Settlement Rd, Belmont is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1960. The property has a land size of 735m2 and floor size of 185m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 3 bedroom House sold in Belmont in the last 12 months.

Building Type
House
Year Built
1960
Floor Size
185m2
Land Size
735m2
Local Government
Greater Geelong
Lot/Plan
1/TP868614

Last Listing description (July 2024)

Discover this inviting three bedroom, one bathroom home in Belmont, situated on a generous land size of approximately 735m2 with a northwest-facing aspect that bathes the living areas in natural light. The open-plan kitchen, lounge and dining space features a sleek kitchen with stone benchtops, a large five-burner gas stove top and an Omega electric oven, perfect for culinary enthusiasts. The dining area is enhanced by a wood fireplace, adding warmth and character to gatherings during cooler months, complemented by a gas heater in the lounge area for added comfort.

Enjoy the spaciousness of the main bedroom, complete with multiple built-in robes and a bay window, while ceiling fans in every bedroom ensure year-round comfort. The highlight of this home is the expansive rumpus room at the rear, boasting a small office, split heating/cooling system and charming timber paneling. This space also includes its own kitchenette, ideal for entertaining guests. Step outside to the covered outdoor entertaining area with a built-in BBQ, extending your living and entertainment space.

This home is the perfect opportunity for the first home buyer, builders or developers to take this property to the next level, whether be a home renovation or townhouse development (STCA). Conveniently located near the Princess Highway, this property offers easy access to all of Geelong. It's just a short five-minute drive to High Street for all your shopping needs, with excellent schools nearby as well as the Barwon River and Barwon Valley Golf Club all a short stroll away. The Geelong CBD, waterfront, hospitals and train station are all within a 10-15 minute drive, providing a lifestyle of comfort and convenience in this delightful Belmont home.

- Spacious three-bedroom home on a generous 735m2 (approx.) land size
- Northwest-facing aspect providing natural light in living areas
- Modern open-plan kitchen with stone benchtops
- Dining area features a cozy wood fireplace
- A gas heater in the lounge for additional comfort
- Main bedroom has built-in robes and a bay window
- Expansive rumpus room with a small office and kitchenette
- Covered outdoor entertaining area with a built-in BBQ
- Easy access to Geelong CBD and train station

Property History for 42 Settlement Rd, Belmont, VIC 3216

A timeline of how this property has performed in the market
Last Sold
$565,000
18 Jun 2024
  • 18 Jun 2024
    Sold for $565,000
  • 24 Apr 2024
    Listed for Sale $580,000 - $630,000
  • 04 Nov 2016
    Sold for $382,000
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About Belmont 3216

The size of Belmont is approximately 9.2 square kilometres. It has 31 parks covering nearly 24.7% of total area. The population of Belmont in 2011 was 13,616 people. By 2016 the population was 14,050 showing a population growth of 3.2% in the area during that time. The predominant age group in Belmont is 20-29 years. Households in Belmont are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Belmont work in a professional occupation. In 2011, 67.2% of the homes in Belmont were owner-occupied compared with 64.5% in 2016.

Belmont has 8,076 properties. Over the last 5 years, Houses in Belmont have seen a 30.70% increase in median value, while Units have seen a 27.78% increase. As at 31 October 2024:

  • The median value for Houses in Belmont is $713,866 while the median value for Units is $486,002.
  • Houses have a median rent of $480 while Units have a median rent of $430.
There are currently 28 properties listed for sale, and 18 properties listed for rent in Belmont on OnTheHouse. According to CoreLogic's data, 358 properties were sold in the past 12 months in Belmont.

Suburb Insights for Belmont 3216

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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.