12 Thomas StreetGeelong West VIC 3218
Property Details for 12 Thomas St, Geelong West
12 Thomas St, Geelong West is a 6 bedroom, 4 bathroom Unit with 4 parking spaces. The property has a land size of 638m2. While the property is not currently for sale or for rent, it was last sold in May 2021.
Last Listing description (April 2021)
A unique opportunity to purchase a block of 4 apartments, (two 2 bedroom and two 1 bedroom) on one title on an allotment of 639 sq/m. Right in the heart of one of Geelong's most sought-after areas, only a short stroll to Pakington street with is vibrant night life, fabulous cafes, restaurants and shops. Bus services are close by and it's only a short walk to Geelong Train station.
These apartments are fully let returning $56,160 pa, 3 have recently been repainted, updated with new kitchens, bathrooms etc. 3 new split system air conditioners have also recently been installed. One apartment is fairly original offering scope for an upgrade and improved yield. Many period features are intact and room sizes are generous.
There may be scope for the astute investor to build one or two apartments in the rear garden or subdivide (STCA).
For more information on this property text '12 Thomas' to 0428 444 841
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Property History for 12 Thomas St, Geelong West, VIC 3218
- 24 May 2021Sold for $1,453,000
- 25 Mar 2021Listed for Sale Auction
- 19 Sep 2014Sold for $718,000
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0About Geelong West 3218
The size of Geelong West is approximately 2.3 square kilometres. It has 5 parks covering nearly 2.4% of total area. The population of Geelong West in 2011 was 6,682 people. By 2016 the population was 6,976 showing a population growth of 4.4% in the area during that time. The predominant age group in Geelong West is 20-29 years. Households in Geelong West are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Geelong West work in a professional occupation. In 2011, 58.5% of the homes in Geelong West were owner-occupied compared with 57.4% in 2016.
Geelong West has 4,742 properties. Over the last 5 years, Houses in Geelong West have seen a 34.19% increase in median value, while Units have seen a 32.97% increase. As at 31 July 2024:
- The median value for Houses in Geelong West is $832,445 while the median value for Units is $488,324.
- Houses have a median rent of $510 while Units have a median rent of $450.
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