OFF MARKET

410/6-8 Bellerine Street
Geelong VIC 3220

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 72m2
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Property Details for 410/6-8 Bellerine St, Geelong

410/6-8 Bellerine St, Geelong is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2012. The property has a floor size of 72m2. While the property is not currently for sale or for rent, it was last sold in May 2018.

Building Type
Unit
Year Built
2012
Floor Size
72m2
Local Government
Greater Geelong
Lot/Plan
406/PS642108

Last Listing description (May 2018)

Opposite Austin Park and with uninterrupted bay views over Eastern Beach, this fourth floor, two bedroom apartment has returns that will more than impress. Vue has now traded for three years and the occupancy rates and tariffs move steadily upwards. Currently returning $33,000 per years after all costs. Thats right, after Owner's Corporation, rates, management fees etc, this is your net income.
Extremely well-appointed, this apartment is spacious, light and has beautiful views. The kitchen is well-appointed, the bathroom is roomy and luxurious.
This is not a serviced apartment complex, rather freehold real estate with a site management to manage your asset. No losses and no lock in. You decide whether you rent it, live in it or have the management group look after it for you and why wouldn't you with this return!

Please call for more information.
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Property History for 410/6-8 Bellerine St, Geelong, VIC 3220

A timeline of how this property has performed in the market
Last Sold
$660,000
09 May 2018
  • 09 May 2018
    Sold for $660,000
  • 02 Dec 2016
    Listed for Sale UNDER OFFER
  • 10 Dec 2010
    Sold for $626,500

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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 6,189 properties. Over the last 5 years, Houses in Geelong have seen a 22.93% increase in median value, while Units have seen a 5.37% increase. As at 30 November 2024:

  • The median value for Houses in Geelong is $823,715 while the median value for Units is $591,169.
  • Houses have a median rent of $500 while Units have a median rent of $515.
There are currently 36 properties listed for sale, and 29 properties listed for rent in Geelong on OnTheHouse. According to CoreLogic's data, 154 properties were sold in the past 12 months in Geelong.

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