2 Geelong RoadTorquay VIC 3228
Property Details for 2 Geelong Rd, Torquay
Last Listing description (June 2023)
OFFERS CLOSING Monday 16th NOVEMBER 2020 @ 5pm (If not Sold Prior)
McCartney Real Estate is pleased to present 2 - 4 Geelong Road, Torquay For Sale, it's location and incredible aspect across Spring Creek as well as fronting Surf Coast Highway provides high exposure and a prime development opportunity.
The site offers a significant land size of 2024m2 (approx.) currently on two titles measuring 1012m2 (approx.) each and has easy access from the highway onto the frontage road. Zoned residential 1 and highly appealing for a residential or commercial development including townhouses, apartments, medical centre, restaurant/s, residential aged care facility or retirement living, leisure and recreation or convenience store (S.T.C.A) and offers potential ocean views from a multi-level structure.
Property History for 2 Geelong Rd, Torquay, VIC 3228
- 09 Jun 2023Listed for Sale Not Disclosed
- 22 Jan 2021Sold for $1,595,000
- 13 Oct 2020Listed for Sale EOI - EPR: $2,400,000 - $2,600,000
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0About Torquay 3228
The size of Torquay is approximately 34.5 square kilometres. It has 24 parks covering nearly 13.6% of 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 11,422 properties. Over the last 5 years, Houses in Torquay have seen a 13.16% increase in median value, while Units have seen a 19.05% increase. As at 31 March 2026:
- The median value for Houses in Torquay is $1,276,365 while the median value for Units is $907,769.
- Houses have a median rent of $750 while Units have a median rent of $650.
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