173 The Esplanade, Torquay is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2007. The property has a land size of 508m2 and floor size of 100m2. While the property is not currently for sale or for rent, it was last sold in July 1999.
Beautifully set within the ever-popular Wyndham Resort Torquay, this lovely fully furnished, dual key apartment presents a fantastic opportunity for those seeking a low maintenance holiday destination together with a regular income stream. With the beach across the road and the township just a short stroll away this property is in a great location, has great facilities and a good rental income. The unique design incorporates a one-bedroom unit with a full kitchen, bathroom, laundry and a good size open plan living and dining room opening to a private, paved outdoor sitting area adjoining the sensational Resort pool. The unit has an interconnecting door to the hotel style bedsitter adjoining which also has a bathroom, toilet and lounge/bedroom which also opens up to the outdoor area. The property can be leased or used as a whole or individually which provides a lot of flexibility around own use as required. Current income approx. $43,000 gross per annum. Further features include stone kitchen bench tops, reverse cycle airconditioners, quality fixtures and fittings and modern furniture and chattels. The property allows the usage of the Resort gym, outdoor pool and indoor pool as part of this lovely package!
The size of Torquay is approximately 34.5 square kilometres. There are 24 parks, covering nearly 13.6% of the total area. The population of Torquay in 2016 was 13258 people. By 2021 the population was 18534 showing a population growth of 39.8% in the area during that time. The predominant age group in Torquay is 40-49 years. Households in Torquay are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Torquay work in a professional occupation.In 2021, 75.70% of the homes in Torquay were owner-occupied compared with 73.40% in 2016.
Torquay has 11,351 properties. Over the last 5 years, Houses in Torquay have seen a 10.10% increase in median value, while Units have seen a 15.89% increase. As at 31 May 2026:
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