Originally appraised at $275,000. Owner extremely motivated to sell due to a new business opportunity. Titled, fenced, levelled and utilities connected. Ready to build (STCA). Original build plans, soil tests and permits can be provided on request. All reasonable offers considered.
A rare and affordable opportunity to secure land in a central and established pocket, this well-located property represents an extraordinary opportunity to create the perfect lifestyle home, just 7 minutes (approx.) from the CBD and Waterfront. Occupying 231m2 (approx.) in a private setting, within walking distance of local parks, reserves, recreational facilities, less than 10 minutes from Belmont and Newcomb shopping centres and amenities, 5 minutes (approx.) from South Geelong Station, and with easy access to all the beaches and attractions of the Bellarine Peninsula, this location holds offers a wide appeal in terms of central proximity and local convenience.
The size of Breakwater is approximately 3.1 square kilometres. It has 7 parks covering nearly 32% of total area. The population of Breakwater in 2011 was 1,059 people. By 2016 the population was 1,030 showing a population decline of 2.7% in the area during that time. The predominant age group in Breakwater is 20-29 years. Households in Breakwater are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Breakwater work in a trades occupation. In 2011, 62.4% of the homes in Breakwater were owner-occupied compared with 60.8% in 2016.
Breakwater has 1,105 properties. Over the last 5 years, Houses in Breakwater have seen a 27.83% increase in median value, while Units have seen a 8.92% increase. As at 31 October 2024:
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