1-4/45 Virginia Street, Newtown VIC 3220

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1-4/45 Virginia Street, Newtown VIC 3220

$1,990,000 - $2,180,000

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$1.99M - $2.09M Transparent Transparent Listing Based on an openly advertised listing price.

Unit 5 Beds 4 Baths 1 Car 949 m²

Listed: 10 days ago

Overview

This unique property presents a substantial 949 square meter landholding in a highly sought-after, tree-lined location of Newtown, Victoria. Holding a rare position on one single title, it encompasses four well-maintained residences comprising three one-bedroom units alongside a two-bedroom unit with a study, creating both immediate rental appeal and long-term developmental possibilities.

Each residence is thoughtfully updated, featuring bright, open-plan living and dining areas that foster a comfortable and flexible lifestyle. Well-equipped kitchens offer built-in pantries, gas cooktops, and electric ovens, supporting both everyday convenience and entertaining needs. Generous bedrooms include built-in wardrobes and direct bathroom access, with European-style laundries enhancing practical living. Additionally, split system air conditioning throughout ensures year-round comfort, while the rear unit benefits from a secure single lock-up garage and extra storage space.

The property's design and configuration lend themselves to a diverse range of prospective owners. Investors will appreciate the strong existing rental income potential alongside opportunities to optimize returns. Families or future homeowners might consider the flexibility available to transform part or all of the land into a dream residence subject to council approval (STCA).

Positioned within a prestigious suburb known for its quiet streets and access to a rich variety of lifestyle amenities, this property affords residents convenient access to acclaimed cafes, restaurants, shopping precincts, schools, and parklands. Its combination of location, scale, and versatility makes it an exceptional asset for those seeking both immediate benefits and future growth in one of Geelong’s most beloved residential areas.

Local Market Insights

In Newtown, Quiet Listings observed 5 new units entering the market over the last 30 days, with an average advertised asking price of $987,800. The property type mix of listed properties is predominantly Houses at 60%, followed by townhouses (17%), and units (12%). The most active agency for units in the Newtown area is currently Buxton Real Estate Group, representing 40% of new listings, followed by McGrath Estate Agents with 20%. 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.