31 Bell Pde, Drumcondra is a 5 bedroom, 2 bathroom House with 3 parking spaces. The property has a land size of 648m2.
Presenting this once in a lifetime opportunity to build your dream home (STCA) or secure a rewarding investment that's attaining a strong rental return.
Drumcondra, and Bell Parade in particular, is a tightly held locale flowing with families, both growing, and residents who have called this place home for many decades. Any family or tenant will enjoy prestigious waterfront living with uninterrupted, panoramic views of Rippleside Park & to certainly appreciate, is being within walking distance to the Geelong Waterfront. Pakington Street, one of the most popular cafe, restaurant & shopping strips is in easy reach, coveted schools for all ages - both private and public - are easily accessible via car or nearby public transport & North Geelong train station is in close proximity for the commuter of the family.
This near waterfront opportunity consists of two separate titles and two rental returns which attain you $565/wk in total. As a whole, this home comprises of 5 bedrooms, 2 bathrooms and a jaw-dropping character facade which makes the perfect introduction to the masterpiece you create.
The size of Drumcondra is approximately 0.3 square kilometres. It has 2 parks covering nearly 9.7% of total area. The population of Drumcondra in 2011 was 614 people. By 2016 the population was 586 showing a population decline of 4.6% in the area during that time. The predominant age group in Drumcondra is 60-69 years. Households in Drumcondra are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Drumcondra work in a professional occupation. In 2011, 73.3% of the homes in Drumcondra were owner-occupied compared with 73% in 2016.
Drumcondra has 280 properties. Over the last 5 years, Houses in Drumcondra have seen a 42.11% increase in median value, while Units have seen a 41.75% increase. As at 30 September 2024:
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