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Sold on 24 Jul 2024 - Price Unavailable

240 Tower Hill Drive
Lovely Banks VIC 3213

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 400m2
Land area: 3.8ac
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Property Details for 240 Tower Hill Dr, Lovely Banks

Building Type
Commercial
Floor Size
400m2
Land Size
3.8ac
Local Government
Greater Geelong
Lot/Plan
25/PS431673

Last Listing description (July 2024)

Raine and Horne Land Victoria proudly presents 3.78 Acres situated in the heart of Lovely Banks. This lifestyle property offers panoramic views of the bay, You Yangs and Geelong. Lovely Banks is a northern suburb of Geelong, Victoria, Australia. Boasting an enviable 37 squares of masterfully designed space double storey house, this magnificent home is cleverly zoned to accommodate a multitude of family members. A huge open plan kitchen with walk-in pantry island bench sets the scene for entertaining, with the downstairs hosting multiple living zones. Upstairs comprises of master and parents retreat and this beautiful space offers a quiet sanctuary with large open plan lounge and bedroom, ensuite with spa and walk in robe. Step outside and be amazed by uninterrupted views of the bay, Geelong from the balcony. This really is an incredible property and represents a rare opportunity to buy into a very sought after part of the Geelong region.

Other Features
• Double story Four Bedrooms Plus Study

• Large Shed (8m *18m)
• Three Phase Power
• Pastures and Fenced in Paddocks
• Refrigerated Air Conditioning
• Gas Log Fire in the Lounge
• Central Gas Heating
• Under Cover Alfresco
• Fruit Trees and Veggie Patch
• 2*32000 Litre Water Tanks
• 40 Min to Melbourne CBD, 15 Min To Geelong CBD
• 15 Min to Avalon Airport

Interested parties should conduct their due diligence prior to making any submissions. Given are for general information only and do not constitute any representation on the part of the vendor or agent.
Call Kevin Paghdar on +61 426 510 510 Or Uttam Singh on 0430 064 928 today for further enquiries.
Due Diligence Checklist -
http://www.consumer.vic.gov.au/duediligencechecklist

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Property History for 240 Tower Hill Dr, Lovely Banks, VIC 3213

A timeline of how this property has performed in the market
Last Sold
24 Jul 2024
  • 24 Jul 2024
    Sold for $2,020,000
  • 23 Feb 2024
    Listed for Sale UNDER CONTRACT
  • 22 Oct 2021
    Sold for $1,745,000
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About Lovely Banks 3213

The size of Lovely Banks is approximately 29.9 square kilometres. It has 4 parks covering nearly 0.4% of total area. The population of Lovely Banks in 2011 was 2,218 people. By 2016 the population was 2,296 showing a population growth of 3.5% in the area during that time. The predominant age group in Lovely Banks is 10-19 years. Households in Lovely Banks are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lovely Banks work in a trades occupation. In 2011, 82.5% of the homes in Lovely Banks were owner-occupied compared with 79.9% in 2016.

Lovely Banks has 1,289 properties. Over the last 5 years, Houses in Lovely Banks have seen a 39.89% increase in median value, while Units have seen a 43.41% increase. As at 31 October 2024:

  • The median value for Houses in Lovely Banks is $623,435 while the median value for Units is $390,640.
  • Houses have a median rent of $555 while Units have a median rent of $375.
There are currently 20 properties listed for sale, and 2 properties listed for rent in Lovely banks on OnTheHouse. According to CoreLogic's data, 39 properties were sold in the past 12 months in Lovely banks.

Lovely Banks Profile Page

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Kevin Paghdar
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Uttam Singh
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Raine & Horne Land Victoria
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