FOR SALE

507/18 Malone Street
Geelong VIC 3220

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Land area: 2028m2
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This property is currently on the market
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Property Details for 507/18 Malone St, Geelong

507/18 Malone St, Geelong is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2019. The property has a land size of 2028m2.This Property is currently listed for sale with McGrath Geelong | Newtown

Building Type
Unit
Year Built
2019
Land Size
2028m2
Local Government
Greater Geelong
Lot/Plan
507/PS807630

Last Listing description (October 2024)

Discover the epitome of luxurious apartment living at 'The Mercer' complex where sophistication meets convenience in an unparalleled CBD location. Step inside this spacious apartment to find two generously sized bedrooms adorned with built-in robes. The open-plan layout seamlessly integrates the kitchen, dining, and living areas, creating a space ideal for modern living and entertaining. The kitchen features gas cooking and the convenience of a dishwasher, while ample cupboard and bench space cater to your storage needs.

The sleek central bathroom boasts an oversized shower and year-round comfort is assured with split system heating and cooling while the European laundry enhances the functionality of the space.

Extend your living area outdoors to the spacious balcony, perfect for hosting gatherings. With a single undercover car space and storage cage included, convenience and security are guaranteed. Currently leased until September 2025 for $580 per week

- Spacious open plan living zone features timber floorboards
- Two oversized bedrooms feature built-in robes
- Stone benchtops and s/s appliances in the kitchen
- Secure underground parking for one vehicle and storage cage
- Walking distance to the Waterfront, CBD and Deakin
- Year-round comfort is ensured with s/s cooling and heating
- Well-sized balcony perfect for entertaining
- Communal Gym situated on the third floor for convenience
- Ideal for first home buyers, downsizers and investors alike
- Close to the Geelong Train Station for Melbourne commuters

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Property History for 507/18 Malone St, Geelong, VIC 3220

A timeline of how this property has performed in the market
Last Sold
$520,000
25 Jul 2017
Listed for Rent
$580/w
21 Oct 2023
  • 27 Aug 2024
    Listed for Rent $580 / week
  • 29 Apr 2024
    Listed for Sale $549,000 - $599,000
  • 07 Jul 2023
    Listed for Rent $570 / 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 6,128 properties. Over the last 5 years, Houses in Geelong have seen a 28.46% increase in median value, while Units have seen a 5.92% increase. As at 31 October 2024:

  • The median value for Houses in Geelong is $852,765 while the median value for Units is $590,064.
  • Houses have a median rent of $525 while Units have a median rent of $500.
There are currently 35 properties listed for sale, and 30 properties listed for rent in Geelong on OnTheHouse. According to CoreLogic's data, 148 properties were sold in the past 12 months in Geelong.

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