SOLD
Sold on 17 Dec 2023 for $585,000

32 Cosgrove Street
Breakwater VIC 3219

Bedrooms: 3
Bathrooms: 1
Car spaces: 4
Floor area: 102m2
Land area: 770m2
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Sold By
Barry Plant Geelong Sales
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Property Details for 32 Cosgrove St, Breakwater

32 Cosgrove St, Breakwater is a 3 bedroom, 1 bathroom House with 4 parking spaces and was built in 1970. The property has a land size of 770m2 and floor size of 102m2. While the property is not currently for sale or for rent, it was last sold in December 2023. There are other 3 bedroom House sold in Breakwater in the last 12 months.

Building Type
House
Year Built
1970
Floor Size
102m2
Land Size
770m2
Local Government
Greater Geelong
Lot/Plan
16/LP20247

Last Listing description (February 2024)

On behalf of our sellers, the Award-Winning team at Barry Plant Geelong, proudly presents by way of Private Sale, 32 Cosgrove Street, Breakwater.

An opportunity of such proportions is one that is immediately enticing to those that wish to acquire a home on a land component that endorses an incredible framework for development, or to those that seek a strong rental yield, as the home is currently occupied by a wonderful tenant who is happy to remain. The tenancy arrangement currently in place is month to month, at a weekly income of $500. First home buyers who seek an opportunity to enter the market at a realistic price point, we welcome your attendance.

Standing proudly and only metres from the famous Geelong Racecourse is a home that is certain to stimulate positive thoughts. At entry point you will be welcomed by an open style floorplan that provides you with a lounge and adjoining kitchen/meals area, the kitchen overlooks a large rear yard that awaits development, or expansion of the current home - the choice in which direction is most viable, is entirely yours.

Three exceptional size bedrooms provide plenty of accommodation for the growing family, a renovated central bathroom serves this area of the home.

Externally, you are enthralled by the home's incredible land size - the endless options will immediately cement in your mind. Breakwater is a tightly held location that offers minimal homes available to purchase. Consolidate in your mind, the proposal on offer stands proudly on 770m2 of land approx. and within 3.9km from the heart of Geelong's CBD/Waterfront.

You are only minutes from the High Street shopping precinct, Geelong Racecourse, Newcomb Central Shopping Centre, GMHBA Stadium, Bellarine Village, Geelong High School, Geelong East Primary School and much more.

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Property History for 32 Cosgrove St, Breakwater, VIC 3219

A timeline of how this property has performed in the market
Last Sold
$585,000
17 Dec 2023
  • 17 Dec 2023
    Sold for $585,000
  • 21 Nov 2023
    Listed for Sale $585,000
  • 02 Mar 2022
    Sold for $665,000
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About Breakwater 3219

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 1,107 properties. Over the last 5 years, Houses in Breakwater have seen a 30.90% increase in median value, while Units have seen a 14.20% increase. As at 30 September 2024:

  • The median value for Houses in Breakwater is $618,376 while the median value for Units is $430,826.
  • Houses have a median rent of $430 while Units have a median rent of $375.
There are currently no properties listed for sale, and 1 property listed for rent in Breakwater on OnTheHouse. According to CoreLogic's data, 36 properties were sold in the past 12 months in Breakwater.

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