14 Hede StreetSouth Geelong VIC 3220
Property Details for 14 Hede St, South Geelong
Last Listing description (July 2017)
Located in a low vacancy hub and only minutes from the Geelong CBD, South Geelong s industrial precinct has always been popular amongst tenants and owner occupiers. These aptitudes together with a high quality tenant make this an excellent investment opportunity.
Current income $47,412 per annum net increasing in June
Quality tenant subsidiary of Publicly Listed Company
Consists of showroom, office and warehouse
Very clean property with no maintenance required
Property History for 14 Hede St, South Geelong, VIC 3220
- 02 Jul 2021Sold for $1,250,000
- 12 May 2017Sold for $800,000
- 03 May 2017Listed for Sale $850,000
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0About South Geelong 3220
The size of South Geelong is approximately 2.5 square kilometres. It has 7 parks covering nearly 16.4% of total area. The population of South Geelong in 2011 was 907 people. By 2016 the population was 986 showing a population growth of 8.7% in the area during that time. The predominant age group in South Geelong is 20-29 years. Households in South Geelong are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in South Geelong work in a professional occupation. In 2011, 62.3% of the homes in South Geelong were owner-occupied compared with 59.2% in 2016.
South Geelong has 1,199 properties. Over the last 5 years, Houses in South Geelong have seen a 29.27% increase in median value, while Units have seen a 12.49% increase. As at 31 October 2024:
- The median value for Houses in South Geelong is $807,127 while the median value for Units is $511,231.
- Houses have a median rent of $520 while Units have a median rent of $450.
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