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5 Castlemaine Court, Corio VIC 3214

$550,000

Search Band Search Visibility Band

$550k - $600k High Confidence Calculated based on strong search observations.

House 3 Beds 2 Baths 2 Cars 661 m²

Listed: 15th Jul 2026

Updated: 3 days ago

Overview

Situated in one of Corio's premium and tranquil court locations, this well-maintained three-bedroom house presents an appealing investment opportunity with broad market appeal. The practical, low-maintenance layout complements the property's quiet setting, making it ideal for investors seeking a straightforward, long-term asset.

The main bedroom stands out with its double built-in robes, ensuite, and ceiling fan, providing comfort and privacy. Two additional bedrooms are thoughtfully designed with built-in robes, ceiling fans, and electric exterior shutters that enhance security and climate control.

Central to the home is an updated kitchen that connects seamlessly to a separate meals area and a spacious open-plan living room. The living area's floating floors and bay windows create a light-filled environment perfect for relaxation or casual entertaining. Comfort is maintained year-round with ducted gas heating and evaporative air conditioning throughout the home.

A central bathroom with a full bath complements the ensuite, with a separate WC adding convenience for family or tenants.
The large outdoor alfresco area offers an excellent space for gatherings or quiet enjoyment.
Vehicle accommodation is robust with both a double garage and a carport, supporting multiple cars or extra storage.

The vendor specifies a preference for offers that include a 12-month lease-back option at market rent, making this property particularly attractive to investors seeking immediate rental income. The estimated weekly rental return ranges between $480 and $500, reinforcing the property's position as a reliable investment.

This home suits investors looking for a well-positioned, set-and-forget asset with strong ongoing rental prospects, in a market location that benefits from a peaceful residential atmosphere and durable property features.

Local Market Insights

In Corio, Quiet Listings observed 44 new houses entering the market over the last 30 days, up from 34 during the previous 30-day period, with an average advertised asking price of $569,543. The property type mix of listed properties is predominantly Houses at 90%, followed by units (4%), and commercial properties (4%). The most active agency for houses in the Corio area is currently Area Specialist, representing 30% of new listings, followed by Harcourts with 18%. 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.