157 Melbourne Road, Rippleside, VIC 3215 | Property Value & History | OnTheHouse
 
OFF MARKET

157 Melbourne Road
Rippleside VIC 3215

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 304m2
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Property Details for 157 Melbourne Rd, Rippleside

Building Type
Commercial
Land Size
304m2
Local Government
Greater Geelong
Lot/Plan
1/TP958213

Last Listing description (March 2024)

Gartland is delighted to offer this unique freehold investment leased to Ripplesides number one Grocery/Convenience store located in the absolute prime bustling Melbourne Road for sale by Public Auction on Thursday 14th December at 1.30PM on site.

Strategically positioned in the thriving suburb of Rippleside, directly opposite North Geelong Station

Three (3) Year Lease from July 2022

One (1) further term of three (3) years
Absolute prime Location
Strong Car & Foot Traffic Precinct
Excellent future development site

The key attributes of this opportunity include:

Located within the highly desirable suburb of Rippleside
Irreplaceable land holding of 304sqm corner position with extensive frontage
Well presented Grocery store of 222sqm with attractive West facing shop
Superbly located amongst a long list of established local traders
Surrounded by a plethora of multi-level apartment sites constructed
Excellent access to all of Geelong & surrounding areas and gateway to the strong Geelong Waterfront
Convenient public transport amenities nearby North Geelong Station within walking distance
157 Melbourne Road presents an outstanding opportunity to acquire the perfect slice of Rippleside with massive future upside
Commercial 2 Zone

Contact us today to arrange an inspection.

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Property History for 157 Melbourne Rd, Rippleside, VIC 3215

A timeline of how this property has performed in the market
Last Sold
$985,000
18 Dec 2023
  • 18 Dec 2023
    Sold for $985,000
  • 16 Nov 2023
    Listed for Sale Contact Agent
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About Rippleside 3215

The size of Rippleside is approximately 0.5 square kilometres. It has 4 parks covering nearly 22.8% of total area. The population of Rippleside in 2016 was 875 people. By 2021 the population was 994 showing a population growth of 13.6% in the area during that time. The predominant age group in Rippleside is 40-49 years. Households in Rippleside are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Rippleside work in a professional occupation.In 2021, 72.90% of the homes in Rippleside were owner-occupied compared with 74.70% in 2016.

Rippleside has 691 properties. Over the last 5 years, Houses in Rippleside have seen a 33.48% increase in median value, while Units have seen a 19.94% increase. As at 31 January 2026:

  • The median value for Houses in Rippleside is $804,452 while the median value for Units is $668,624.
  • Houses have a median rent of $645 while Units have a median rent of $575.
There are currently 4 properties listed for sale, and 2 properties listed for rent in Rippleside on OnTheHouse. According to Cotality's data, 29 properties were sold in the past 12 months in Rippleside.

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Cotality Copyright and Legal Disclaimers about Property Data

© Copyright 2026. 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.

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