SOLD
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Sold on 04 Jul 2024 for $440,000

5/55 Tanner Street
Breakwater VIC 3219

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Land area: 221m2
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Property Details for 5/55 Tanner St, Breakwater

5/55 Tanner St, Breakwater is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a land size of 221m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 2 bedroom Unit sold in Breakwater in the last 12 months.

Building Type
Unit
Land Size
221m2
Local Government
Greater Geelong
Lot/Plan
6/PS615577

Last Listing description (July 2024)

Discover this charming two-bedroom unit privately positioned on a compact north-facing allotment of 228 sqm (approx.) at the rear of a larger complex of nine single-storey units, conveniently located in Breakwater. This inviting home offers a low-maintenance lifestyle just a short distance from central Geelong, making it ideal for first home buyers and downsizers alike.

The interior features a spacious open plan living area with timber-look laminate flooring and reverse-cycle air conditioning. The dining area features practical tiled flooring and opens to the backyard through sliding glass doors. The well-appointed kitchen is equipped with a built-in pantry, four-burner gas cooktop, near-new dishwasher, and a double stainless-steel sink, providing ample space for culinary endeavours.


Both bedrooms are generously sized, easily able to accommodate queen-sized beds, and are fitted with plush carpet, ceiling fans, and double sun-filtering and block-out blinds, along with built-in robes for convenient storage. The main bathroom includes a large inset bath, single vanity, corner shower, and a separate toilet. The laundry room off the kitchen, with its generous size and direct access to the rear garden and the garage, adds to the home's functionality.

Outside, a neat and tidy yard with paved pathways is perfect for low-maintenance living. The single lock-up garage provides secure parking and additional storage space. With a new hot water service and motor in the garage door, as well as twelve solar panels eliminating electricity bills, this home is move-in ready.

This private unit at the rear of a well-maintained complex of nine similar homes presents a fantastic opportunity to enter the Geelong market as a first home buyer, downsizer or investor. Don't miss your chance to secure this property. Contact us today to arrange a viewing and make it yours.

Property History for 5/55 Tanner St, Breakwater, VIC 3219

A timeline of how this property has performed in the market
Last Sold
$440,000
04 Jul 2024
  • 06 Jul 2024
    Sold for $440,000
  • 23 May 2024
    Listed for Sale $399,000 - $438,900
  • 01 Dec 2009
    Sold for $245,000
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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 1,108 properties. Over the last 5 years, Houses in Breakwater have seen a 30.22% increase in median value, while Units have seen a 12.09% increase. As at 31 July 2024:

  • The median value for Houses in Breakwater is $609,984 while the median value for Units is $444,615.
  • Houses have a median rent of $430 while Units have a median rent of $375.
There are currently 1 property listed for sale, and 2 properties listed for rent in Breakwater on OnTheHouse. According to CoreLogic's data, 33 properties were sold in the past 12 months in Breakwater.

Suburb Insights for Breakwater 3219

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Lee Botsios
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RT Edgar Ocean Grove
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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.