SOLD
Sold on 03 Feb 2024 for $2,400,000

3 Zeally Bay Road
Torquay VIC 3228

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 121m2
Land area: 807m2
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Sold By
Tim Carson
McCartney Real Estate
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Property Details for 3 Zeally Bay Rd, Torquay

Building Type
Land
Floor Size
121m2
Land Size
807m2
Local Government
Surf Coast
Lot/Plan
2/TP598655

Last Listing description (April 2024)

It doesn't get much better, 3 Zeally Bay Road is situated in a prime Old Torquay position, opposite Taylor Park steps to Torquay's Esplanade and Gilbert Street shopping and business strip.

Make your mark and purchase this exceptional land holding of some 807m2 (approx.), Zoned Commercial 1, with a current planning permit and stamped plans for 7 x townhouses and a cafe.

Or recreate your own masterpiece to cater for your business needs, suitable for medical or allied health, consulting rooms or offices, or mixed use such residential apartment (STCA) offering great exposure, with plenty of foot traffic and an abundance of off-street parking.

The property currently hosts a very modest home offering three bedrooms, central bathroom, large kitchen, dining room and spacious living room with a wood fireplace, double garage/workshop, and separate bungalow at rear. Currently leased at $520 per week.

This is an amazing opportunity to secure a property with multiple options in a rarely seen 'Old Torquay” location. Don't miss out on this opportunity and call today for more information.

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Property History for 3 Zeally Bay Rd, Torquay, VIC 3228

A timeline of how this property has performed in the market
Last Sold
$2,400,000
03 Feb 2024
Listed for Rent
$430/w
22 May 2020
  • 03 Feb 2024
    Sold for $2,400,000
  • 09 Oct 2023
    Listed for Sale CONTACT AGENT
  • 15 May 2020
    Listed for Rent $400 / week
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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 10,985 properties. Over the last 5 years, Houses in Torquay have seen a 51.97% increase in median value, while Units have seen a 34.98% increase. As at 30 September 2024:

  • The median value for Houses in Torquay is $1,274,280 while the median value for Units is $882,722.
  • Houses have a median rent of $650 while Units have a median rent of $580.
There are currently 22 properties listed for sale, and 1 property listed for rent in Torquay on OnTheHouse. According to CoreLogic's data, 369 properties were sold in the past 12 months in Torquay.

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