OFF MARKET

32/32 Elizabeth Street
Geelong West VIC 3218

Bedrooms: 2
Bathrooms: 2
Car spaces: -
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Last updated 28 Oct 2024
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Property Details for 32/32 Elizabeth St, Geelong West

32/32 Elizabeth St, Geelong West is a 2 bedroom, 2 bathroom House.

Building Type
House
Local Government
Greater Geelong

Last Listing description (March 2021)

A unique piece of Geelong Wests heritage has been transformed into two modern-day stunners offering an array of residential and commercial options.
No expense has been spared in renewing the classic red-brick shops built almost a century ago and once home to the historic Radford cycles business for an exciting new era.
The properties, on one title, a corner block and with prominent street frontage, provide multiple choices:

Live in or rent out one as a stylish apartment and conduct an adjoining business in the other;
Lease out both as ultra-modern, elite office spaces with combined income of $40,000 per annum (approx.);
Offer one or both as an Airbnb with returns of $60,000 PA or 6.25% - 6.75%; or
Enjoy the benefits of low-maintenance regional weekenders close to Geelongs CBD and waterfront, the Surf Coast and Bellarine Peninsula.
The properties both feature an open-plan and functional living, dining and kitchen zone with high-end Franke sink, quality tapware, Asko oven and induction cooktop, built-in concealed refrigerator, dishwasher drawer and abundant storage in soft-close cupboards and drawers.
The lounge area, with exposed brick feature walls and verlux skylights welcoming the northern sun, remains private from the street thanks to striking black plantation shutters.
Privacy is also a feature of the bedroom towards the rear of the residence. It boasts a fitted wardrobe, built-in bedside lighting and a luxe light-filled ensuite with frameless, walk-in shower and floor-to-ceiling feature tiles.
Alternatively, set up as contemporary offices, the properties offer impressive entry, desk space for multiple staff, top-class kitchen facilities, private meeting room and high-end bathroom.
Other highlights include ducted heating and cooling, low-maintenance polished concrete floors, and timber-lined ceilings and walls.
The apartments/offices are a few hundred metres walk to Sparrow Park and centrally placed between shopping and dining strips on Pakington St and Shannon Ave.
A host of Geelongs best schools are within easy reach, as are Geelong train station, the Ring Road and freeway to Melbourne, and the regions stunning beaches.

Property History for 32/32 Elizabeth St, Geelong West, VIC 3218

A timeline of how this property has performed in the market
  • 03 Dec 2020
    Listed for Sale $875,000 - $925,000

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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 4,702 properties. Over the last 5 years, Houses in Geelong West have seen a 32.50% increase in median value, while Units have seen a 28.15% increase. As at 30 September 2024:

  • The median value for Houses in Geelong West is $826,999 while the median value for Units is $487,064.
  • Houses have a median rent of $500 while Units have a median rent of $460.
There are currently 14 properties listed for sale, and 9 properties listed for rent in Geelong west on OnTheHouse. According to CoreLogic's data, 202 properties were sold in the past 12 months in Geelong west.

Suburb Insights for Geelong West 3218

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.