249 Princes HighwayCorio VIC 3214
Property Details for 249 Princes Hwy, Corio
249 Princes Hwy, Corio is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 1165m2 and floor size of 104m2. While the property is not currently for sale or for rent, it was last sold in March 2022.
Last Listing description (March 2026)
Positioned on a prominent corner allotment of approximately 1,164 m, 249 Princes Highway, Corio presents a rare and substantial opportunity to secure a large landholding with approved plans and permits already in place for six double storey townhouses. Opportunities of this scale, with permits secured, are becoming increasingly hard to find, making this an exceptional prospect for developers, investors or those seeking a strategic long term holding.
The existing home sits comfortably on the block and offers solid accommodation while future plans are considered. From the front porch, you step into the entry which opens through to the main lounge and dining area. This is a generous space with timber floorboards underfoot and large windows that allow an abundance of natural light to flow throughout. A split system services this living zone, providing heating and cooling for everyday comfort.
Moving through the home, the kitchen is positioned toward the centre and connects easily with the meals area, creating a functional layout that suits daily living. From here, the floor plan continues through to the accommodation, where three well proportioned bedrooms are thoughtfully arranged. Each bedroom includes built in wardrobes, offering excellent storage. The central bathroom is well sized and includes a bath, while a separate toilet adds everyday practicality. A dedicated laundry sits nearby with direct access outside.
Toward the rear of the home, a standout feature is the expansive undercover entertaining area. This space is ideal for gatherings and outdoor living, while also highlighting the sheer scale of the block and the flexibility it offers. Beyond this, the property is further enhanced by a garage, carport and separate workshop, providing ample space for vehicles, storage or hobby use.
While the existing dwelling is comfortable and well maintained, the true value lies in the land and its future potential. With approved plans and permits already secured for six double storey townhouses, the groundwork has been done, offering a streamlined pathway to development and reducing both time and uncertainty.
The location only strengthens the appeal. Situated with easy access to Corio Village Shopping Centre, residents enjoy close proximity to supermarkets, retail stores and everyday services. Local primary and secondary schools are nearby, along with public transport options providing direct connections to the Geelong CBD and North Geelong train station. The Princes Highway offers convenient access toward Melbourne and surrounds, making this a highly connected and accessible address.
Whether you are looking to develop immediately or secure a substantial parcel with an existing home in place for future use, 249 Princes Highway represents a significant opportunity in a growing and well serviced part of Corio.
Property History for 249 Princes Hwy, Corio, VIC 3214
- 17 Feb 2026Listed for Sale $949,000-$1,000,000 approved plans for 6 dwellings
- 21 Nov 2023Listed for Rent $330 / week
- 09 Mar 2022Sold for $900,000
Recent sales nearby
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0About Corio 3214
The size of Corio is approximately 19.1 square kilometres. It has 36 parks covering nearly 8.8% of total area. The population of Corio in 2016 was 15296 people. By 2021 the population was 15497 showing a population growth of 1.3% in the area during that time. The predominant age group in Corio is 20-29 years. Households in Corio are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Corio work in a labourer occupation.In 2021, 56.50% of the homes in Corio were owner-occupied compared with 58.00% in 2016.
Corio has 8,086 properties. Over the last 5 years, Houses in Corio have seen a 42.57% increase in median value, while Units have seen a 44.82% increase. As at 28 February 2026:
- The median value for Houses in Corio is $577,069 while the median value for Units is $458,215.
- Houses have a median rent of $430 while Units have a median rent of $380.
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