16 St Albans Road, EAST GEELONG VIC 3219

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16 St Albans Road, East Geelong VIC 3219

$1,100,000 - $1,200,000

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$1.1M - $1.16M Transparent Transparent Listing Based on an openly advertised listing price.

House 4 Beds 2 Baths 3 Cars 952 m²

Listed: 5 days ago

Updated: 2 hours ago

Overview

This property offers a unique opportunity in East Geelong, only moments from the Geelong CBD, combining a substantial land size of approximately 952 square meters with remarkable development flexibility. Situated on a sought-after allotment, the site includes two existing dwellings on a single title and valuable rear lane access, maximizing versatility for immediate and future plans.

The dual-dwelling configuration provides an immediate income or living arrangement advantage, allowing residents or investors to occupy one home while exploring renovation, redevelopment, or other uses of the site. The potential for redevelopment or subdivision, subject to council approval, is enhanced by the rear lane access which favors multiple dwelling or family compound possibilities.

Beyond the property's boundaries, this address benefits from an exceptional lifestyle setting. Close proximity to Eastern Park, Geelong Botanic Gardens, and the waterfront recreational areas offer residents convenient access to green spaces and leisure amenities. The nearby Garden Street shopping and café precinct, quality schools, and sporting facilities further enrich the neighborhood appeal.

Characterised by established residential charm, the site balances generous outdoor space and an enviable location, making it attractive to families, developers, or investors seeking a premium land holding with multi-use prospects. The existing framework includes features such as built-in robes, gas and ducted heating, floorboards, secure parking, a courtyard, fencing, and a shed, reinforcing immediate usability alongside the long-term vision potential.

In essence, this property stands as a rare offering, where the intrinsic value is complemented by the opportunity to shape the future living or investment outcome in an enviable East Geelong environment.

Local Market Insights

In East Geelong, Quiet Listings observed 31 new houses entering the market over the last 30 days, up from 22 during the previous 30-day period, with an average advertised asking price of $628,258. The property type mix of listed properties is predominantly Houses at 72%, followed by units (26%), and commercial properties (2%). The most active agency for houses in the East Geelong area is currently Geelong Real Estate Co., representing 26% of new listings, followed by Hayeswinckle with 26%. 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.