OFF MARKET

173 The Esplanade
Torquay VIC 3228

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 100m2
Land area: 503m2
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Property Details for 173 The Esplanade, Torquay

173 The Esplanade, Torquay is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2007. The property has a land size of 503m2 and floor size of 100m2. While the property is not currently for sale or for rent, it was last sold in July 1999.

Building Type
Unit
Year Built
2007
Floor Size
100m2
Land Size
503m2
Local Government
Surf Coast
Lot/Plan
14/PS427187

Last Listing description (November 2018)

Beautifully set within the ever-popular Wyndham Resort Torquay, this lovely fully furnished, dual key apartment presents a fantastic opportunity for those seeking a low maintenance holiday destination together with a regular income stream. With the beach across the road and the township just a short stroll away this property is in a great location, has great facilities and a good rental income. The unique design incorporates a one-bedroom unit with a full kitchen, bathroom, laundry and a good size open plan living and dining room opening to a private, paved outdoor sitting area adjoining the sensational Resort pool. The unit has an interconnecting door to the hotel style bedsitter adjoining which also has a bathroom, toilet and lounge/bedroom which also opens up to the outdoor area. The property can be leased or used as a whole or individually which provides a lot of flexibility around own use as required. Current income approx. $43,000 gross per annum. Further features include stone kitchen bench tops, reverse cycle airconditioners, quality fixtures and fittings and modern furniture and chattels. The property allows the usage of the Resort gym, outdoor pool and indoor pool as part of this lovely package!

Property History for 173 The Esplanade, Torquay, VIC 3228

A timeline of how this property has performed in the market
Last Sold
$85,000
13 Jul 1999
  • 09 Nov 2018
    Listed for Sale $429,000
  • 14 Mar 2018
    Listed for Sale $430,000 - $450,000
  • 08 Dec 2017
    Listed for Sale $450,000
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About Torquay 3228

The size of Torquay is approximately 34.5 square kilometres. It has 24 parks covering nearly 13.6% of total area. The population of Torquay in 2011 was 10,141 people. By 2016 the population was 13,268 showing a population growth of 30.8% in the area during that time. The predominant age group in Torquay is 0-9 years. Households in Torquay are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Torquay work in a professional occupation. In 2011, 72% of the homes in Torquay were owner-occupied compared with 73.4% in 2016.

Torquay has 11,031 properties. Over the last 5 years, Houses in Torquay have seen a 45.39% increase in median value, while Units have seen a 22.73% increase. As at 31 October 2024:

  • The median value for Houses in Torquay is $1,238,249 while the median value for Units is $867,993.
  • Houses have a median rent of $650 while Units have a median rent of $600.
There are currently 23 properties listed for sale, and no properties listed for rent in Torquay on OnTheHouse. According to CoreLogic's data, 366 properties were sold in the past 12 months in Torquay.

Suburb Insights for Torquay 3228

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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.