SOLD
Sold on 10 Nov 2023 for $502,000

10/5 Peter Street
Grovedale VIC 3216

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 3m2
Land area: 199m2
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Property Details for 10/5 Peter St, Grovedale

10/5 Peter St, Grovedale is a 3 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 2012. The property has a land size of 199m2 and floor size of 3m2. While the property is not currently for sale or for rent, it was last sold in November 2023. There are other 3 bedroom Unit sold in Grovedale in the last 12 months.

Building Type
Unit
Year Built
2012
Floor Size
3m2
Land Size
199m2
Local Government
Greater Geelong
Lot/Plan
10/PS624607

Last Listing description (December 2023)

Appealing to a broad market this exceptionally neat townhouse would make an ideal low maintenance downsize option or perhaps even affordable first home. Also easy to let out at $400per week it would represent a great return on your outlay. In a larger complex and tucked away from the street it gives you quiet and privacy yet security knowing there are others around. Importantly giving you the 3 bedrooms it also has the double garage and feels more like a small house with the central hallway. That then opens up to a really decent sized living , kitchen and dining room overlooking the neat and managable yard. Just enough to entertain but not too much to look after it is neutral in tonings and modern in style. Perfect to live in, ideal to let out.

Property History for 10/5 Peter St, Grovedale, VIC 3216

A timeline of how this property has performed in the market
Last Sold
$502,000
10 Nov 2023
Listed for Rent
$365/w
17 Aug 2021
  • 10 Nov 2023
    Sold for $502,000
  • 10 Aug 2023
    Listed for Sale Not Disclosed
  • 05 Aug 2021
    Listed for Rent $365 / week
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About Grovedale 3216

The size of Grovedale is approximately 7 square kilometres. It has 21 parks covering nearly 14.3% of total area. The population of Grovedale in 2011 was 14,153 people. By 2016 the population was 14,314 showing a population growth of 1.1% in the area during that time. The predominant age group in Grovedale is 20-29 years. Households in Grovedale are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Grovedale work in a professional occupation. In 2011, 74.1% of the homes in Grovedale were owner-occupied compared with 70.5% in 2016.

Grovedale has 7,399 properties. Over the last 5 years, Houses in Grovedale have seen a 31.65% increase in median value, while Units have seen a 24.46% increase. As at 30 September 2024:

  • The median value for Houses in Grovedale is $693,223 while the median value for Units is $461,903.
  • Houses have a median rent of $500 while Units have a median rent of $430.
There are currently 9 properties listed for sale, and 4 properties listed for rent in Grovedale on OnTheHouse. According to CoreLogic's data, 240 properties were sold in the past 12 months in Grovedale.

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