3/43-45 Princess RoadCorio VIC 3214
Property Details for 3/43-45 Princess Rd, Corio
3/43-45 Princess Rd, Corio is a 1 bedroom, 1 bathroom Unit and was built in 1970. The property has a land size of 73m2 and floor size of 50m2. While the property is not currently for sale or for rent, it was last sold in January 2023.
Last Listing description (January 2023)
You'll need to use your imagination and look past the faade on what's easily Geelong's best value property. An easy refurbishment project for the right buyer, roll up your sleeves and do the hard work to create immediate equity. With a scarcity of one-bedroom properties throughout Geelong, it's easily rentable with an estimated rental return of $230 per week ($11,960 p.a.) representing an approximate gross yield of around 6%.
One of 6 units, it's walking distance to Corio Village Shopping Centre, local parks and reserves and a couple of minutes to the Ring Road and local amenities.
Do the work and reap the reward. Opportunities like this for investors, first home buyers and empty-nesters are few and far between. Act quick and secure a golden opportunity.
Property History for 3/43-45 Princess Rd, Corio, VIC 3214
- 15 Jan 2023Sold for $190,000
- 16 Dec 2022Listed for Sale $200,000 - $220,000
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About Corio 3214
The size of Corio is approximately 19.1 square kilometres. It has 36 parks covering nearly 8.8% of total area. The population of Corio in 2011 was 15,072 people. By 2016 the population was 15,298 showing a population growth of 1.5% in the area during that time. The predominant age group in Corio is 10-19 years. Households in Corio are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Corio work in a labourer occupation. In 2011, 61% of the homes in Corio were owner-occupied compared with 58% in 2016.
Corio has 7,860 properties. Over the last 5 years, Houses in Corio have seen a 40.25% increase in median value, while Units have seen a 37.42% increase. As at 31 July 2024:
- The median value for Houses in Corio is $486,625 while the median value for Units is $380,421.
- Houses have a median rent of $400 while Units have a median rent of $320.
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