16 Albert StreetGeelong West VIC 3218
Property Details for 16 Albert St, Geelong West
16 Albert St, Geelong West is a 2 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 508m2. While the property is not currently for sale or for rent, it was last sold in December 2024. There are other 2 bedroom House sold in Geelong West in the last 12 months.
Last Listing description (December 2024)
Renovate this red brick home into a stunning dwelling for the family or demolish the dwelling and develop the site into retail, office and/or apartments STCA.
Positioned on the doorstep of cosmopolitan Pakington Street Geelong West, this rare property offers a wonderful variety of options for those looking to add value to a wonderful investment opportunity.
The existing freestanding residential home requires a renovation and sits on a Commercial 1 Zone allotment of approximately 508m2, offers 2 street frontages. This is an ideal property for those looking to add to their SMSF or property portfolio or wishing to take advantage of the abundance of boutique shops, cafes, restaurants and amenities that this fantastic location has to offer.
Contact Jim Cross of Brock Buchanan for more details.
- Desirable development site, metres from the heart of the Pakington Street shopping precinct.
- Corner land holding of 508 sqm approx
- Over 45m of combined dual street frontage
- Zoning: Commercial 1 Zone (C1Z)
- Blank canvas opportunity offered with vacant possession
- Development potential for a range of uses (STCA)
- Adjacent to council car park, Geelong Town Hall & Dan Murphy's
Property History for 16 Albert St, Geelong West, VIC 3218
- 12 Dec 2024Sold
- 22 Nov 2024Listed for Sale Not Disclosed
- 03 Oct 2023Listed for Rent $950 / week
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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 NaN properties. Over the last 5 years, Houses in Geelong West have seen a 29.83% increase in median value, while Units have seen a 18.50% increase. As at 30 November 2024:
- The median value for Houses in Geelong West is $826,549 while the median value for Units is $474,445.
- Houses have a median rent of $520 while Units have a median rent of $453.
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