OFF MARKET

5/5 Reserve Road
Grovedale VIC 3216

Bedrooms: 3
Bathrooms: 2
Car spaces: -
Floor area: 104m2
Land area: 364m2
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Property Details for 5/5 Reserve Rd, Grovedale

5/5 Reserve Rd, Grovedale is a 3 bedroom, 2 bathroom Unit and was built in 2017. The property has a land size of 364m2 and floor size of 104m2. While the property is not currently for sale or for rent, it was last sold in October 2017.

Building Type
Unit
Year Built
2017
Floor Size
104m2
Land Size
364m2
Local Government
Greater Geelong
Lot/Plan
2/PS732546

Last Listing description (April 2018)

Positioned in central Grovedale, here is a great chance to build your ideal home. Located minutes' drive to Waurn Ponds Shopping Centre, public transport, sporting and leisure facilities and within 10 minutes to the beaches of Torquay and the Surf Coast. The blocks are well set back from the road and are now fully titled and ready to go. Land in this location sells quickly so call now. Lot 1 SOLD Lot 2 SOLD Lot 3 SOLD Lot 4 $180, 000 - $190, 000 Lot 5 SOLD

Property History for 5/5 Reserve Rd, Grovedale, VIC 3216

A timeline of how this property has performed in the market
Last Sold
$400,000
04 Oct 2017
  • 25 Apr 2018
    Listed for Sale $170,000-$185,000
  • 04 Oct 2017
    Sold for $400,000
  • 19 Dec 2016
    Sold for $180,000
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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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