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52 Tucker Street, Breakwater VIC 3219

For Sale

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$900k - $950k Medium Confidence Calculated based on our search observations.

Unit 4 Beds 1984 m²

Listed: 28th Jul 2026

Updated: 6 hours ago

Overview

This exceptional development site presents planning approval for eight units, eliminating the uncertainties of the planning process. Situated on a nearly half-acre parcel approximately 1,984 square metres in size, it offers a rare opportunity within the sought-after Breakwater area.

The property's elevated position provides uninterrupted vistas of the Barwon River, adding natural beauty and enhancing the appeal for future residents and investors alike. Its advantageous location merely ten minutes from Geelong’s central business district and waterfront ensures easy access to urban amenities while enjoying a peaceful riverside setting.

The existing residence is a spacious four-bedroom home featuring well-zoned living areas that offer flexibility and comfort. Additionally, a sizeable shed complements the property, providing functional space that may suit a variety of uses. This allows for potential rental income to be collected while planning the development or considering other possibilities.

The planning permit extends through February 2027, offering comfortable timelines to commence construction. The land’s size and zoning versatility open options beyond residential, with potential for childcare or medical center developments, amplifying the property's investment and development appeal.

With strong capital growth trends in the vicinity, this site represents a high-value asset for developers, investors, or owner-occupiers seeking to capitalize on growth and location advantages.

Local Market Insights

In Breakwater, Quiet Listings observed 9 new units entering the market over the last 30 days, up from 7 during the previous 30-day period, with an average advertised asking price of $440,000. The property type mix of listed properties is predominantly Houses at 72%, followed by units (20%), and townhouses (7%). The most active agency for units in the Breakwater area is currently Geelong Real Estate Co., representing 44% of new listings, followed by Hayeswinckle with 33%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.