29-31 Melbourne Road, Drumcondra, VIC 3215 | Property Value & History | OnTheHouse
 
OFF MARKET

29-31 Melbourne Road
Drumcondra VIC 3215

Bedrooms: 2
Bathrooms: 1
Car spaces: 6
Land area: 509m2
Improve this data
We do not have enough data to display the calculated estimate for this property.
Share
Save

Property Details for 29-31 Melbourne Rd, Drumcondra

Building Type
Commercial
Land Size
509m2
Local Government
Greater Geelong
Lot/Plan
1/LP23392

Last Listing description (November 2023)

Presenting a unique opportunity set in a high exposure Commercial Zone, comprising a shopfront, residential dwelling, storage and off street parking facilities, set on a 509m2 (approx.) corner allotment. Offering a tastefully updated modern residence, plus 29m2 (approx.) commercial space, this property presents a multitude of options to the savvy purchaser. Situated in a vibrant shopping strip, offering outstanding accessibility, within walking distance of the Waterfront, CBD, North Geelong Station, Pakington Street, with close proximity to all of Geelong's best attractions, this is an exceptional location for both business and lifestyle.

The shopfront is currently vacant and in need of some significant work to make it a useable space. It does however offer a blank canvas for the right buyer to fit it out as they would prefer or simply you could reclaim it as part of the overall residence. Sink facilities, separate wc and extensive storage facilities allow for versatile utilisation of the current commercial accommodation.


The residence has been elegantly updated featuring polished timber floors, light interiors, high ceilings, split system heating and cooling, and is well equipped for modern living. The quality kitchen features an island bench with waterfall stone benchtops, stainless steel appliances including 600mm freestanding oven and cooktop, dishwasher, and contemporary cabinetry with ample storage. The spacious open plan living area connects effortlessly with the undercover outdoor entertaining. Two good sized bedrooms are serviced by a beautiful modern bathroom featuring floor to ceiling tiles, walk-in frameless shower and free-standing bath.

Garaging, workshop and storage rooms collectively offer approximately 88m2 of secure undercover floorspace at the rear. Side access to a double carport provides for additional off-street parking.

Positioned for outstanding exposure, easy accessibility from Geelong and Melbourne, less than 5 minutes from the Spirit of Tasmania terminal, convenient service road parking, proximity to public transport, and moments from an array bayside attractions and events.

Entering the market for the first time in over 20 years, this is an extraordinary real estate opportunity with huge potential for subdivision STCA.

Terms: 10% Deposit, 60 day Settlement. For alternative arrangements, please discuss with agent.

Show More

Property History for 29-31 Melbourne Rd, Drumcondra, VIC 3215

A timeline of how this property has performed in the market
Last Sold
$818,000
14 Nov 2023
Listed for Rent
$180/w
11 Dec 2010
  • 14 Nov 2023
    Sold for $818,000
  • 23 Oct 2023
    Listed for Sale Contact Agent
  • 13 Nov 2010
    Listed for Rent - Price not available
Sign in to see more transactions
Commute Calculator

Recent sales nearby

See more recent sales nearby

Similar properties For Sale nearby

See more properties for sale nearby

Similar properties For Rent nearby

See more properties for rent nearby

About Drumcondra 3215

The size of Drumcondra is approximately 0.3 square kilometres. It has 2 parks covering nearly 9.7% of total area. The population of Drumcondra in 2016 was 560 people. By 2021 the population was 571 showing a population growth of 2.0% in the area during that time. The predominant age group in Drumcondra is 60-69 years. Households in Drumcondra are primarily childless couples and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Drumcondra work in a professional occupation.In 2021, 74.90% of the homes in Drumcondra were owner-occupied compared with 73.00% in 2016.

Drumcondra has 281 properties. Over the last 5 years, Houses in Drumcondra have seen a 29.90% increase in median value, while Units have seen a 29.42% increase. As at 30 November 2025:

  • The median value for Houses in Drumcondra is $951,309 while the median value for Units is $524,002.
  • Houses have a median rent of $700.
There are currently no properties listed for sale, and no properties listed for rent in Drumcondra on OnTheHouse. According to Cotality's data, 7 properties were sold in the past 12 months in Drumcondra.

Drumcondra Profile Page

Suburb Insights for Drumcondra 3215

Visit Drumcondra profile page
Market Insights
Drumcondra Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Drumcondra Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Visit Drumcondra profile page
Cotality Copyright and Legal Disclaimers about Property Data

© Copyright 2025. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.

This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.

X

GETTING STARTED