3 Villamanta PlaceGeelong West VIC 3218
Property Details for 3 Villamanta Pl, Geelong West
Last Listing description (February 2024)
On behalf of our sellers, the Award Winning team at Barry Plant Geelong proudly presents by way of Private Sale, 3 Villamanta Place, Geelong West.
A commercial holding in Geelong West is not easily acquired, as many that hold ownership of such an asset, understand the privilege. The location on offer is ideal for those looking at attaining the maximum profile that is required when running a business - the space on offer has a multitude of facets in the way it can be utilised. The astute investor who is looking for an acquisition is certain to reap the rewards of a healthy rental return.
The floor space is abundant and includes an adjoining an office space, whilst functional enough to act as a living quarters - which is ideal for those that are accustomed to undertaking late night works. A recently renovated bathroom further galvanises, what is an exceptional investment.
Further highlights include, ample parking that is located in a common area - we must also mention that you are metres away from Pakington Street cafe and lifestyle precinct, Geelong CBD/Waterfront and much more. This is undeniably the greatest location that you could conduct your business dealings from.
Property History for 3 Villamanta Pl, Geelong West, VIC 3218
- 15 Dec 2023Sold for $590,000
- 02 Nov 2023Listed for Sale $590,000
- 01 Mar 2016Sold for $475,000
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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 4,727 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.
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