OFF MARKET

122-138 Tower Road
Portarlington VIC 3223

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 241m2
Land area: 33200m2
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Property Details for 122-138 Tower Rd, Portarlington

122-138 Tower Rd, Portarlington is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 1980. The property has a land size of 33200m2 and floor size of 241m2. While the property is not currently for sale or for rent, it was last transferred in April 2024.

Building Type
House
Year Built
1980
Floor Size
241m2
Land Size
33200m2
Local Government
Greater Geelong
Lot/Plan
1/TP122183

Last Listing description (November 2023)

This 'Once in a Lifetime' property provides near 360-degree views of rural land, Port Phillip & Corio Bay, Mountain Ranges and City Skylines presenting buyers the chance to secure a property with unlimited potential.

On offer is a parcel of land like no other consisting of land content approx. 3.2 ha, perched atop the highest peak of Tower Road, Portarlington with multiple road frontages including Tower Road and Pigdon Street. With the amount of water and land mass in view, this property is one to behold.

Recently proposed for Use and Development of a Resort including Residential Hotel and Associated Facilities (including Day Spa, Restaurant, Health and Wellness Centre, Reception centre/Conference Room, Gym, and associated car parking) as well as a vineyard on the eastern side of the property. Details available upon request.

Zoning Farming Zoned

Located on the property is a comfortable four-bedroom home with two bathrooms and double garage. Perfect and ready for renovation or demolish and plan to build your dream home with unbeatable views.
Whether you're looking to continue the proposed development, Invest or Retire, the potential for this property is unlikely to be matched.

More information available upon request. Contact Trevor McManus on 0448810074

Property History for 122-138 Tower Rd, Portarlington, VIC 3223

A timeline of how this property has performed in the market
Last Transferred
18 Apr 2024
  • 18 Apr 2024
    Transferred
  • 21 Apr 2023
    Listed for Sale $1,900,000-$2,090,000

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About Portarlington 3223

The size of Portarlington is approximately 24.8 square kilometres. It has 15 parks covering nearly 8.9% of total area. The population of Portarlington in 2011 was 3,581 people. By 2016 the population was 3,618 showing a population growth of 1.0% in the area during that time. The predominant age group in Portarlington is 60-69 years. Households in Portarlington are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Portarlington work in a professional occupation. In 2011, 72.8% of the homes in Portarlington were owner-occupied compared with 69.6% in 2016.

Portarlington has 4,157 properties. Over the last 5 years, Houses in Portarlington have seen a 46.58% increase in median value, while Units have seen a 26.56% increase. As at 31 July 2024:

  • The median value for Houses in Portarlington is $881,662 while the median value for Units is $614,041.
  • Houses have a median rent of $488 while Units have a median rent of $435.
There are currently 28 properties listed for sale, and 2 properties listed for rent in Portarlington on OnTheHouse. According to CoreLogic's data, 111 properties were sold in the past 12 months in Portarlington.

Suburb Insights for Portarlington 3223

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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.