42 Geelong RoadTorquay VIC 3228
Property Details for 42 Geelong Rd, Torquay
42 Geelong Rd, Torquay is a 9 bedroom, 4 bathroom Unit with 4 parking spaces. The property has a land size of 1684m2. While the property is not currently for sale or for rent, it was last sold in January 2018.
Last Listing description (February 2018)
An exceptional opportunity awaits for the astute investor or developer looking to purchase a group of 4 units positioned on large 1,683m2 (approx.) allotment, all on one title and in a fantastic Old Torquay location.
The units all in their original condition, comprise 1 x 3-bedroom unit and 3 x 2-bedroom units, being within walking distance to Torquay beaches, RACV Golf Course & Clubhouse, town centre, transport and all other amenities that Torquay has to offer.
The units are all currently tenanted making it ideal for those wanting to receive some income whilst organising plans to develop the property (STCA).
Property History for 42 Geelong Rd, Torquay, VIC 3228
- 16 Jan 2018Sold for $1,423,000
- 17 Oct 2017Listed for Sale Contact Agent
- 27 Apr 2016Sold for $1,200,000
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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 11,032 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.
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