2/218 Thompson Rd, North Geelong is a 5 bedroom, 2 bathroom House with 2 parking spaces and was built in 1985. The property has a land size of 613m2 and floor size of 95m2.
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Perfectly positioned close to the city, this spacious residence is prime for revitalisation. You could choose to celebrate the home's character and rejuvenate the mid-century vibe with a host of original features already on show from the sweeping archways to the ornate ceiling roses and an adorable facade. The second dwelling is in need of TLC but offers scope to value add. For those with big development dreams, this is a property bursting with potential, where you could even create a 3rd residence from the existing buildings(stca), all in a zoning that is favourable for development. The current house is set on a flat 613sqm block located just moments from everything this region has to offer. The waterfront, the CBD and a host of schools, shops and even the local Geelong Golf Club are all only minutes away. This quality location could even represent a commercial opportunity for consulting rooms at a entry level price (stca). With so much up side and the possibilities are endless, this is a unique opportunity not to be missed.
Due Diligence checklist are available at www.consumer.vic.gov.au/duediligencechecklist
The size of North Geelong is approximately 5.0 square kilometres. There are 12 parks, covering nearly 16.5% of the total area. The population of North Geelong in 2016 was 2966 people. By 2021 the population was 3225 showing a population growth of 8.7% in the area during that time. The predominant age group in North Geelong is 30-39 years. Households in North Geelong are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in North Geelong work in a professional occupation.In 2021, 56.70% of the homes in North Geelong were owner-occupied compared with 53.00% in 2016.
North Geelong has 2,466 properties. Over the last 5 years, Houses in North Geelong have seen a 18.50% increase in median value, while Units have seen a 10.42% increase. As at 30 June 2026:
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