2/16 The Esplanade SGeelong VIC 3220
Property Details for 2/16 The Esplanade S, Geelong
2/16 The Esplanade S, Geelong is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2005. The property has a land size of 623m2 and floor size of 79m2. While the property is not currently for sale or for rent, it was last sold in March 2018.
Last Listing description (April 2018)
Capturing impressive panoramic outlooks across Corio Bay, this top floor apartment offers fantastic investment potential. Its prime bayside setting is just metres from the vibrant Geelong waterfront as well as a selection of local cafes and restaurants.
- Current yield of approximately 6.1% through Quest Apartments
- Complex is experiencing strong demand and low vacancy rates
- Seamless flow from open lounge/dining area to sunlit balcony
- Well appointed kitchen features stainless steel appliances
- Two generous bedrooms, both equipped with walk-in wardrobes
- Master includes tidy ensuite, opens directly out to balcony
- Two bathrooms/ensuites create ideal setup for dual occupancy
- Air conditioning, heating, secure parking, on site management
- Convenient access to Geelong train station and Melbourne Road
Property History for 2/16 The Esplanade S, Geelong, VIC 3220
- 17 Mar 2018Sold for $490,000
- 16 Apr 2015Listed for Sale FROM 515000
- 15 Oct 2007Listed for Sale $495,000 - $515,000
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About Geelong 3220
The size of Geelong is approximately 3.3 square kilometres. It has 17 parks covering nearly 8.9% of total area. The population of Geelong in 2011 was 4,700 people. By 2016 the population was 5,220 showing a population growth of 11.1% in the area during that time. The predominant age group in Geelong is 20-29 years. Households in Geelong are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Geelong work in a professional occupation. In 2011, 55.3% of the homes in Geelong were owner-occupied compared with 54% in 2016.
Geelong has 6,153 properties. Over the last 5 years, Houses in Geelong have seen a 24.56% increase in median value, while Units have seen a 10.33% increase. As at 31 August 2024:
- The median value for Houses in Geelong is $829,449 while the median value for Units is $608,831.
- Houses have a median rent of $530 while Units have a median rent of $500.
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