SOLD
Sold on 27 Feb 2024 for $685,000

5/50 Eastern Beach Road
Geelong VIC 3220

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 65m2
Land area: 1189m2
Sold By
Mcgrath Geelong | Newtown
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Property Details for 5/50 Eastern Beach Rd, Geelong

5/50 Eastern Beach Rd, Geelong is a 2 bedroom, 1 bathroom Unit and was built in 1990. The property has a land size of 1189m2 and floor size of 65m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 2 bedroom Unit sold in Geelong in the last 12 months.

Building Type
Unit
Year Built
1990
Floor Size
65m2
Land Size
1189m2
Local Government
Greater Geelong
Lot/Plan
5/RP9756

Last Listing description (June 2024)

A rare opportunity has presented on Geelong's most tightly held and exclusive waterfront location, Eastern Beach. Taking in the stunning north-facing views over the tranquil waters of Corio Bay, the Royal Geelong Yacht Club, and the iconic Promenade, this is a piece of Victoria's most prized and rare real estate.

Beautifully presented, this amazing two-bedroom apartment offers location, affordability, and the very best lifestyle our city offers, with all the delights right on the doorstep. On entry, you are greeted with a light-filled and generous open-plan kitchen and living room with a private balcony taking in the views of the CBD and Eastern Beach. With generous accommodation the two bedrooms are bathed in northerly light and have direct access to the balcony, taking in the breathtaking views of our stunning waterfront.

One could only imagine the joy of waking up to such a picturesque view and taking a leisurely morning stroll around the bay.

The lifestyle attached to this amazing property is the most sought after in the region and offers up the very best fine dining, cafes, and bay activities, and is conveniently located on the doorstep of the medical precinct, the Botanic Gardens, and the Geelong CBD.

- Victorias's most prized waterfront location
- Two bedrooms with balcony and bay views
- Open plan living and central bathroom
- Heating and cooling
- Ideal for owner occupier or investor

Property History for 5/50 Eastern Beach Rd, Geelong, VIC 3220

A timeline of how this property has performed in the market
Last Sold
$685,000
27 Feb 2024
Listed for Rent
$410/w
27 Jun 2020
  • 27 Feb 2024
    Sold for $685,000
  • 20 Feb 2024
    Listed for Sale $675,000 - $695,000
  • 17 Jun 2020
    Listed for Rent $410 / week
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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 6,148 properties. Over the last 5 years, Houses in Geelong have seen a 30.69% increase in median value, while Units have seen a 9.63% increase. As at 31 July 2024:

  • The median value for Houses in Geelong is $846,333 while the median value for Units is $600,037.
  • Houses have a median rent of $520 while Units have a median rent of $500.
There are currently 12 properties listed for sale, and 10 properties listed for rent in Geelong on OnTheHouse. According to CoreLogic's data, 164 properties were sold in the past 12 months in Geelong.

Suburb Insights for Geelong 3220

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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.