OFF MARKET

232 Latrobe Terrace
Geelong West VIC 3218

Bedrooms: 3
Bathrooms: 2
Car spaces: -
Floor area: 55m2
Land area: 1531m2
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Last updated 11 Nov 2024
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Property Details for 232 Latrobe Tce, Geelong West

232 Latrobe Tce, Geelong West is a 3 bedroom, 2 bathroom Unit. The property has a land size of 1531m2 and floor size of 55m2. While the property is not currently for sale or for rent, it was last sold in January 2020.

Building Type
Unit
Floor Size
55m2
Land Size
1531m2
Local Government
Greater Geelong
Lot/Plan
1/LP26519

Last Listing description (April 2024)

Snap up a rare development opportunity in vibrant Geelong West with this centrally located 1531sqm (approx.) allotment with approved planning permit for a 13-townhouse project.
Boasting two street frontages in a blue-chip locale, the turn-soil ready site is on the doorstep of Geelong train station and The Gordon TAFE and an easy stroll from the convenience of the Pakington St café and shopping strip and CBD offices and retail outlets.
The prime property has easy access from Latrobe Terrace and McNicol St, meaning parking is a breeze.

It offers buyers an outstanding investment opportunity to proceed with the planned development or to reinvent the project to suit your own dreams and needs (STCA).
All the hard work has been done, with the site cleared and planning approved for the townhouses.
The approved proposal for three-storey dwellings has appeal to a cross-section of buyers, with options for professional residences, first home buyers, short-stay properties or convenient student accommodation.
Geelong's waterfront, bayside eateries, Deakin University, the hospital precinct and GMHBA Stadium are all within easy reach, along with the Princes Freeway and the Ring Road to Melbourne and the beaches of the Surf Coast.

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Property History for 232 Latrobe Tce, Geelong West, VIC 3218

A timeline of how this property has performed in the market
Last Sold
$1,881,000
31 Jan 2020
Listed for Rent
$268/w
15 Jun 2011
  • 27 Jul 2023
    Listed for Sale Not Disclosed
  • 31 Jan 2020
    Sold for $1,881,000
  • 28 Oct 2019
    Listed for Sale Contact Agent
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About 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 4,730 properties. Over the last 5 years, Houses in Geelong West have seen a 32.71% increase in median value, while Units have seen a 21.67% increase. As at 31 October 2024:

  • The median value for Houses in Geelong West is $838,825 while the median value for Units is $481,536.
  • Houses have a median rent of $520 while Units have a median rent of $460.
There are currently 19 properties listed for sale, and 11 properties listed for rent in Geelong west on OnTheHouse. According to CoreLogic's data, 206 properties were sold in the past 12 months in Geelong west.

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