Prime East Geelong location and sitting on a massive 725sqm of land, this original 50s home is ripe for the update required. Offering a multitude of different options, you could trick it up a bit as is and rent it out, spend what's needed to get it up to your standard to live in or look to add a unit at the back.
It would also be a great development site if multi units is your preferred investment. It does have a few head starts such as polished hardwood floors and an updated kitchen done some years ago. Apart from that, it is a start again project, but there is no doubt the price allows for this. Capital gain is all in the land. The larger the block, the rarer it is, not only today but will be in the future. There is also the possibility of extra parking to the right of the house, perfect for the boat or caravan or even creating the carpark for the house, leaving the driveway free for the rear unit in the future.
Location wise, this is top class. Literally stroll across the road and you're onto Thomson Recreation Reserve and St Margaret's Primary just up the road. Handy shopping strips nearby and South Geelong Station also very close.
As said, lots of possibilities and excellent value adds options to consider.
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A block's planning zone defines how that land can be used and what can be built on it.
A right to use a part of land owned by another person for a specific purpose. The most common forms of easements are for services, such as water, electricity or sewerage.
The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
This represents the shape of the geographical land. Closely spaced contour lines represent a steep slope. Widely spaced lines represent a gentle slope.
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Property history
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Indicative selling price, median house price for the suburb and comparable sales information has been provided by the agent in compliance with Estate Agents Act 1980.
Thomson suburb information
A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
39 years
Population
1,606
Listing ID: 182374859. This listing has been viewed 1 time. It was first displayed on 14/03/2024 and last updated on 03/04/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.